Reserve Petroleum Balance Sheet Health
Financial Health criteria checks 5/6
Reserve Petroleum has a total shareholder equity of $30.8M and total debt of $1.2M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are $36.9M and $6.1M respectively. Reserve Petroleum's EBIT is $440.7K making its interest coverage ratio -0.6. It has cash and short-term investments of $6.9M.
Key information
4.0%
Debt to equity ratio
US$1.23m
Debt
| Interest coverage ratio | -0.6x |
| Cash | US$6.94m |
| Equity | US$30.82m |
| Total liabilities | US$6.05m |
| Total assets | US$36.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RSRV's short term assets ($10.1M) exceed its short term liabilities ($766.0K).
Long Term Liabilities: RSRV's short term assets ($10.1M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: RSRV has more cash than its total debt.
Reducing Debt: RSRV's debt to equity ratio has increased from 0% to 4% over the past 5 years.
Debt Coverage: RSRV's debt is well covered by operating cash flow (477.1%).
Interest Coverage: RSRV earns more interest than it pays, so coverage of interest payments is not a concern.