Enservco Corporation (ENSV) Balance Sheet
ENSV balance sheet, 2023
December 31, 2023 · U.S. dollars$13.9M assets = $14.4M liabilities + −$572,000 equity
Liabilities exceed assets: shareholders’ equity is negative (−$572,000).
Both columns are drawn to the same scale: what ENSV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ENSV financial health
Descriptive bands, not a rating. Fiscal 2023.
ENSV balance sheet trends, 2014–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $58.3M2014 | $13.9M2023 | −14.7%/yr | |
| Total liabilities | $40.2M2014 | $14.4M2023 | −10.8%/yr | |
| Shareholders’ equity | $18.0M2014 | −$572,0002023 | — | |
| Cash & short-term investments | $954,0582014 | $201,0002023 | −15.9%/yr | |
| Total debt | $29.8M2014 | $9.4M2023 | −12.0%/yr | |
| Net cash (debt) | −$28.8M2014 | −$9.2M2023 | +$19.6M | |
| Working capital | $13.7M2014 | −$4.3M2023 | −$18.0M | |
| Current ratio | 3.352014 | 0.572023 | −2.78 | |
| Debt / equity | 1.652014 | 11.162022 | +9.51 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ENSV assets
ENSV liabilities and equity
ENSV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ENSV balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $201,000 | $35,000 | $149,000 | $1.5M | $663,000 | $257,000 | $391,000 | $620,764 | $804,737 | $954,058 |
| Cash & equivalents | $201,000 | $35,000 | $149,000 | $1.5M | $663,000 | $257,000 | $391,000 | $620,764 | $804,737 | $954,058 |
| Short-term investments | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Receivables | $4.3M | $4.5M | $2.8M | $1.7M | $6.5M | $9.8M | $11.2M | $4.8M | $7.3M | $16.5M |
| Inventory | $209,000 | $320,000 | $346,000 | $295,000 | $398,000 | $514,000 | $576,000 | $407,379 | $308,297 | $390,081 |
| Other current assets | $1.0M | $1.1M | $2.3M | $1.4M | $1.2M | $2.9M | $1.5M | $1.2M | $1.5M | $1.7M |
| Total current assets | $5.7M | $6.0M | $5.6M | $4.9M | $8.7M | $13.5M | $13.7M | $7.0M | $9.8M | $19.5M |
| Property, plant & equipment (net) | $7.8M | $12.7M | $18.3M | $23.4M | $31.0M | $33.1M | $29.4M | $34.6M | $36.5M | $37.8M |
| Goodwill & intangible assets | $0 | $728,000 | $945,000 | $1.2M | $1.4M | $1.6M | $301,000 | $0 | $602,087 | $602,087 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $75,000 | $0 | $0 | $0 | $0 |
| Other non-current assets | $327,000 | $416,000 | $336,000 | $776,000 | $1.9M | $780,000 | $879,000 | $714,967 | $272,030 | $415,836 |
| Total assets | $13.9M | $19.8M | $25.1M | $30.2M | $43.0M | $49.0M | $44.2M | $42.4M | $47.2M | $58.3M |
| Liabilities | ||||||||||
| Accounts payable | $4.3M | $4.9M | $2.9M | $1.8M | $4.5M | $3.0M | $5.3M | $3.6M | $3.0M | $5.5M |
| Short-term debt | $5.5M | $5.0M | — | $2.6M | $36.3M | $4.0M | $182,000 | $318,499 | $314,263 | $340,520 |
| Deferred revenue | — | −$4.9M | — | — | — | — | −$5.5M | −$3.7M | −$3.0M | — |
| Total current liabilities | $10.0M | $10.2M | $12.5M | $4.6M | $39.7M | $7.5M | $5.6M | $4.0M | $3.4M | $5.8M |
| Long-term debt | $3.3M | $7.0M | $5.5M | $20.7M | $2.8M | $36.0M | $29.3M | $23.5M | $21.3M | $29.4M |
| Lease obligations | $985,000 | $1.6M | $2.2M | $3.2M | $4.3M | — | — | — | — | — |
| Other long-term liabilities | $1.1M | $1.4M | $1.8M | $2.3M | $3.1M | $941,000 | $1.1M | $468,565 | $4.7M | $5.0M |
| Total liabilities | $14.4M | $18.7M | $19.8M | $27.6M | $45.7M | $44.4M | $36.0M | $28.0M | $29.3M | $40.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $131,000 | $59,000 | $57,000 | $32,000 | $278,000 | $271,000 | $255,000 | $255,337 | $190,634 | $185,282 |
| Retained earnings (deficit) | −$49.7M | −$41.2M | −$35.6M | −$27.5M | −$25.0M | −$17.5M | −$11.6M | −$4.7M | $3.8M | $5.1M |
| Treasury stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | — | −$38.0M | −$36.0M | −$38.0M | −$32.2M | −$26.0M | $0 |
| Minority interest | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | −$572,000 | $1.2M | $5.3M | $2.6M | −$2.7M | $4.6M | $8.2M | $14.4M | $17.9M | $18.0M |
| Key figures | ||||||||||
| Total debt | $9.4M | $13.0M | $5.5M | $25.6M | $39.7M | $40.0M | $29.7M | $23.8M | $21.6M | $29.8M |
| Net cash (debt) | −$9.2M | −$13.0M | −$5.3M | −$24.1M | −$39.1M | −$39.8M | −$29.3M | −$23.2M | −$20.8M | −$28.8M |
| Working capital | −$4.3M | −$4.3M | −$6.9M | $306,000 | −$31.0M | $6.1M | $8.0M | $3.0M | $6.5M | $13.7M |
| Tangible book value | −$572,000 | $441,000 | $4.4M | $1.4M | −$4.0M | $3.0M | $7.9M | $14.4M | $17.3M | $17.4M |
| Book value per share | −$0.03 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 20.5M | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.57 | 0.58 | 0.45 | 1.07 | 0.22 | 1.82 | 2.42 | 1.76 | 2.93 | 3.35 |
| Quick ratio | 0.45 | 0.45 | 0.24 | 0.70 | 0.18 | 1.36 | 2.05 | 1.36 | 2.40 | 3.00 |
| Debt / equity | — | 11.16 | 1.02 | 10.01 | — | 8.70 | 3.61 | 1.65 | 1.21 | 1.65 |
| Equity / assets | −4.1% | 5.9% | 21.2% | 8.5% | −6.2% | 9.4% | 18.6% | 34.0% | 37.9% | 31.0% |
| Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.5M | $332,000 | $474,000 | $201,000 | $300,000 | $431,000 | $1.8M | $35,000 | $211,000 | $149,000 | $990,000 | $149,000 |
| Cash & equivalents | $172,000 | $332,000 | $474,000 | $201,000 | $300,000 | $431,000 | $1.8M | $35,000 | $211,000 | $149,000 | $990,000 | $149,000 |
| Short-term investments | $2.4M | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | $2.7M | $1.6M | $4.3M | $4.3M | $1.4M | $1.4M | $4.3M | $4.5M | $1.3M | $2.8M | $5.7M | $2.8M |
| Inventory | $162,000 | $211,000 | $219,000 | $209,000 | $237,000 | $347,000 | $322,000 | $320,000 | $250,000 | $346,000 | $405,000 | $346,000 |
| Other current assets | $2.5M | $6.0M | $870,000 | $1.0M | $3.0M | $2.1M | $586,000 | $1.1M | $1.9M | $2.3M | $1.3M | $2.3M |
| Total current assets | $7.9M | $8.1M | $5.9M | $5.7M | $5.0M | $4.2M | $7.0M | $6.0M | $3.6M | $5.6M | $8.4M | $5.6M |
| Property, plant & equipment (net) | $4.2M | $3.1M | $7.0M | $7.8M | $8.7M | $10.4M | $11.7M | $12.7M | $13.8M | $18.3M | $0 | $0 |
| Goodwill & intangible assets | $3.3M | $92,000 | $67,000 | $0 | $564,000 | $619,000 | $673,000 | $728,000 | $782,000 | $945,000 | $891,000 | $945,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.1M | $287,000 | $307,000 | $327,000 | $345,000 | $368,000 | $387,000 | $416,000 | $320,000 | $336,000 | $17.3M | $18.6M |
| Total assets | $18.5M | $11.6M | $13.3M | $13.9M | $14.5M | $15.6M | $19.7M | $19.8M | $18.6M | $25.1M | $26.6M | $25.1M |
| Liabilities | ||||||||||||
| Accounts payable | $3.9M | $2.8M | $3.1M | $4.3M | $4.5M | $4.2M | $3.7M | $4.9M | $4.4M | $2.9M | $5.0M | $2.9M |
| Short-term debt | $1.2M | $4.1M | $7.6M | $5.5M | $2.8M | $2.7M | $4.8M | $5.0M | $2.9M | $9.7M | — | — |
| Deferred revenue | — | — | — | — | −$4.5M | −$4.2M | −$3.7M | −$4.9M | −$4.6M | −$2.9M | — | — |
| Total current liabilities | $13.5M | $8.2M | $10.9M | $10.0M | $7.5M | $7.0M | $8.5M | $10.2M | $7.9M | $12.5M | $10.1M | $12.5M |
| Long-term debt | $0 | $622,000 | $1.1M | $3.3M | $4.6M | $4.2M | $5.6M | $7.0M | $6.8M | $6.0M | $6.3M | $5.5M |
| Lease obligations | — | $1.1M | $847,000 | $985,000 | $1.1M | $1.3M | $1.5M | $1.6M | $1.8M | $1.9M | $2.0M | $2.2M |
| Other long-term liabilities | $1.4M | $1.3M | $968,000 | $1.1M | $1.2M | $1.2M | $1.3M | $1.4M | $1.5M | $1.3M | $1.7M | $1.8M |
| Total liabilities | $14.9M | $10.1M | $12.9M | $14.4M | $13.3M | $12.4M | $15.4M | $18.7M | $16.3M | $19.8M | $18.1M | $19.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $285,000 | $184,000 | $135,000 | $131,000 | $128,000 | $107,000 | $90,000 | $59,000 | $57,000 | $57,000 | $57,000 | $57,000 |
| Retained earnings (deficit) | −$53.5M | −$51.3M | −$48.9M | −$49.7M | −$47.7M | −$44.7M | −$42.2M | −$41.2M | −$39.5M | −$35.6M | −$32.4M | −$35.6M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | $0 | — | — | — | — | — |
| Total shareholders' equity | $3.6M | $1.5M | $350,000 | −$572,000 | $1.2M | $3.2M | $4.3M | $1.2M | $2.3M | $5.3M | $8.6M | $5.3M |
| Key figures | ||||||||||||
| Total debt | $2.1M | $5.4M | $9.1M | $9.4M | $8.0M | $7.7M | $11.3M | $13.0M | $10.9M | $16.7M | $6.3M | $5.5M |
| Net cash (debt) | $447,000 | −$5.1M | −$8.6M | −$9.2M | −$7.7M | −$7.2M | −$9.5M | −$13.0M | −$10.6M | −$16.5M | −$5.3M | −$5.3M |
| Working capital | −$5.6M | −$105,000 | −$5.0M | −$4.3M | −$2.5M | −$2.7M | −$1.5M | −$4.3M | −$4.3M | −$6.9M | −$1.7M | −$6.9M |
| Tangible book value | $280,000 | $1.4M | $283,000 | −$572,000 | $678,000 | $2.6M | $3.6M | $441,000 | $1.5M | $4.4M | $7.7M | $4.4M |
| Book value per share | $0.12 | $0.05 | $0.01 | −$0.02 | $0.05 | $0.17 | $0.30 | — | — | — | — | — |
| Shares outstanding | 30.0M | 30.0M | 30.3M | 26.6M | 23.1M | 18.6M | 14.2M | — | — | — | — | — |
| Current ratio | 0.59 | 0.99 | 0.54 | 0.57 | 0.66 | 0.61 | 0.82 | 0.58 | 0.46 | 0.45 | 0.83 | 0.45 |
| Quick ratio | 0.39 | 0.23 | 0.44 | 0.45 | 0.23 | 0.26 | 0.71 | 0.45 | 0.19 | 0.24 | 0.66 | 0.24 |
| Debt / equity | 0.58 | 3.61 | 25.95 | — | 6.44 | 2.37 | 2.62 | 11.16 | 4.73 | 3.12 | 0.74 | 1.02 |
| Equity / assets | 19.5% | 12.9% | 2.6% | −4.1% | 8.6% | 20.7% | 21.8% | 5.9% | 12.4% | 21.2% | 32.2% | 21.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 29, 2024); data from EODHD.
ENSV financial position
At the end of fiscal 2023 (December 31, 2023), Enservco had total assets of $13.9 million (down 30.1% from a year earlier), total liabilities of $14.4 million and shareholders' equity of -$0.6 million. It held $0.2 million in cash and short-term investments against $9.4 million of debt, net debt of $9.2 million. Its current ratio was 0.57. In the latest quarter (ended September 30, 2024) total assets were $18.5 million and equity $3.6 million.
Related: ENSV income statement, ENSV cash flow statement, ENSV key metrics. See the ENSV stock overview for the latest quote and news.
ENSV balance sheet FAQ
What are Enservco's total assets?
Enservco reported total assets of $13.9 million at the end of fiscal 2023 (December 31, 2023), compared with $19.8 million a year earlier.
How much debt does Enservco have?
Enservco had $9.4 million of total debt at the end of fiscal 2023, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Enservco have?
Enservco held $0.2 million in cash and short-term investments at the end of fiscal 2023; with $9.4 million of debt that is net debt of $9.2 million.
What is Enservco's book value?
Enservco's shareholders' equity (book value) was -$0.6 million at the end of fiscal 2023, or −$0.03 per share.
What is Enservco's current ratio?
Enservco had current assets of $5.7 million and current liabilities of $10.0 million, a current ratio of 0.57 (current liabilities exceed current assets).