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CorEnergy Infrastructure Trust Balance Sheet Health
Financial Health criteria checks 2/6
CorEnergy Infrastructure Trust has a total shareholder equity of $-32.9M and total debt of $227.4M, which brings its debt-to-equity ratio to -690.3%. Its total assets and total liabilities are $229.1M and $262.0M respectively. CorEnergy Infrastructure Trust's EBIT is $2.0M making its interest coverage ratio 0.1. It has cash and short-term investments of $13.3M.
Key information
-690.3%
Debt to equity ratio
US$227.42m
Debt
| Interest coverage ratio | 0.1x |
| Cash | US$13.29m |
| Equity | -US$32.95m |
| Total liabilities | US$262.05m |
| Total assets | US$229.10m |
Recent financial health updates
Recent updates
CorEnergy: Common And Preferred Distributions Cut, What's Next?
Feb 06CorEnergy Infrastructure Trust: 16% Yield On Preferred Shares
Jan 03CorEnergy Infrastructure Trust GAAP EPS of -$1.17, revenue of $32.96M
Nov 10CorEnergy Infrastructure Trust declares $0.05 dividend
Nov 03CorEnergy: Common And Preferred Distributions Likely Get Cut
Sep 21CorEnergy Infrastructure Trust GAAP EPS of -$0.08, revenue of $31.5M
Aug 11CorEnergy Infrastructure Trust declares $0.05 dividend
Aug 05CorEnergy: Rising Risks
Jul 05CorEnergy: A Look At Dividend Safety For 2022
Mar 16CorEnergy: My Worst Investment Ever Is Still Struggling
Feb 24CorEnergy Preferreds Yield 10%: What We Like More
Dec 21CorEnergy: Valuation Still High Despite Stock's Decline
Aug 26CorEnergy Infrastructure Trust beats on revenue
May 10What Kind Of Shareholders Own CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)?
Mar 08
CorEnergy buys Crimson's California pipeline assets in $350M deal
Feb 04CorEnergy Infrastructure Trust declares $0.05 dividend
Feb 02A Look At CorEnergy Infrastructure Trust's (NYSE:CORR) Share Price Returns
Jan 14CorEnergy: Asymmetric Setup
Dec 02CorEnergy Infrastructure Trust (CORR) Presents At Sidoti Virtual Microcap Conference
Nov 20CorEnergy Infrastructure Trust declares $0.05 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: CORR.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CORR.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CORR.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CORR.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CORR.Q has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CORR.Q is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/06/12 18:07 |
| End of Day Share Price | 2024/06/12 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CorEnergy Infrastructure Trust, Inc. is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Barry Oxford | D.A. Davidson & Co. |
| Eduardo Seda | Ladenburg Thalmann & Company |
| Torrey Schultz | RBC Capital Markets |