Empire Petroleum
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Empire Petroleum's balance sheet done over the years? Its assets were worth $92,615,616 last year, which is more than in the previous period. 62% of Empire Petroleum’s total assets is currently financed by debt. Its liabilities reached the amount of $57,659,156, which means an increase by 19% compared compared to last year.
Debt to Assets
| 2014 | 82 | 228 | 278.05% |
|---|---|---|---|
| 2015 | 199580 | 8.17K | 4.1% |
| 2016 | 382743 | 81.36K | 21.26% |
| 2017 | 377780 | 249.58K | 66.07% |
| 2018 | 1997273 | 2.14M | 107.52% |
| 2019 | 11014580 | 15.95M | 144.84% |
| 2020 | 11249601 | 29.69M | 263.93% |
| 2021 | 50089651 | 39.25M | 78.37% |
| 2022 | 71545075 | 48.30M | 67.52% |
| 2023 | 92615616 | 57.65M | 62.26% |
EP Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 7.79M | 11.94M | 3.61M | 157.69K | 0 | 84.63K | 77.78K | 68.74K | 18.10K | 82 |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 8.35M | 7.78M | 7.73M | 1.25M | 982.81K | 124.57K | 0 | 0 | 0 | 0 |
Inventory | 1.43M | 1.84M | 1.03M | 531.30K | 476.30K | 0 | 0 | 0 | 0 | 0 |
Other current assets | 1.16M | 1.17M | 734.36K | 281.89K | 247.71K | 158.29K | 0 | 14K | 0 | 0 |
Total current assets | 18.74M | 22.73M | 13.11M | 2.22M | 1.70M | 367.50K | 77.78K | 82.74K | 18.10K | 82 |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 72.39M | 45.31M | 30.67M | 8.22M | 9.30M | 1.62M | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 2.77M | 4.81M | 0 | 0 | 0 | 300K | 300K | 181.47K | 0 |
Other non-current assets | 1.47M | 719.93K | 1.48M | 802.05K | -9.30M | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 73.87M | 48.81M | 36.97M | 9.02M | 9.30M | 1.62M | 300K | 300K | 181.47K | 0 |
Total assets | 92.61M | 71.54M | 50.08M | 11.24M | 11.01M | 1.99M | 377.78K | 382.74K | 199.58K | 82 |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 2.69M | 1.10M | 0 | -64.96K | 0 | 0 | 0 |
Short term debt | 1.53M | 2.31M | 1.88M | 1.39M | 96.70K | 279.20K | 137.25K | 0 | 0 | 0 |
Total current liabilities | 25.04M | 17.62M | 12.05M | 6.07M | 2.23M | 740.98K | 202.22K | 22.51K | 8.17K | 228 |
| Non-current liabilities: | ||||||||||
Long term debt | 5.14M | 5.68M | 7.56M | 8.25M | 7.71M | 1.17M | 47.36K | 58.84K | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 27.46M | 25.00M | 19.64M | 15.36M | 6.00M | 230.65K | 0 | 0 | 0 | 0 |
Total non-current liabilities | 32.60M | 30.68M | 27.20M | 23.61M | 13.71M | 1.40M | 47.36K | 58.84K | 0 | 0 |
Total liabilities | 57.65M | 48.30M | 39.25M | 29.69M | 15.95M | 2.14M | 249.58K | 81.36K | 8.17K | 228 |
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