Reserve Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Reserve Petroleum has a total shareholder equity of $30.7M and total debt of $1.3M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are $36.4M and $5.6M respectively.
Key information
4.2%
Debt to equity ratio
US$1.30m
Debt
Interest coverage ratio | n/a |
Cash | US$10.10m |
Equity | US$30.75m |
Total liabilities | US$5.64m |
Total assets | US$36.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RSRV's short term assets ($12.8M) exceed its short term liabilities ($692.8K).
Long Term Liabilities: RSRV's short term assets ($12.8M) exceed its long term liabilities ($4.9M).
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 4.2% over the past 5 years.
Debt Coverage: RSRV's debt is well covered by operating cash flow (429.9%).
Interest Coverage: Insufficient data to determine if RSRV's interest payments on its debt are well covered by EBIT.