The company maintains a strained liquidity profile with a current ratio of 0.35 as of 2025Q3, indicating limited flexibility to manage its $5.4M debt load.
| Total Current Assets | 5.32M | 5.16M | 6.81M | 5.48M | 335.98K |
| Cash & Short-Term Investments | 875.6K | 2.97M | 3.51M | 2.02M | 38.74K |
| Cash Only | 875.6K | 2.97M | 3.51M | 2.02M | 38.74K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.79M | 1.78M | 2.19M | 3.06M | 0 |
| Days Sales Outstanding | 37.85 | 32.09 | 29.85 | 27.83 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 2.65M | 405.28K | 1.11M | 313.29K | 297.23K |
| Total Non-Current Assets | 84.2M | 97.55M | 93.91M | 59.23M | 0 |
| Property, Plant & Equipment | 84.2M | 97.55M | 93.84M | 55.42M | 0 |
| Fixed Asset Turnover | 0.18x | 0.21x | 0.29x | 0.73x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 76.2K | 89.24M | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | -85.43M | 0 |
| Total Assets | 89.52M | 102.71M | 100.73M | 64.71M | 335.98K |
| Asset Turnover | 0.17x | 0.20x | 0.27x | 0.62x | - |
| Asset Growth % | -3.73% | 1.96% | 55.66% | 19159.83% | - |
| Total Current Liabilities | 15.26M | 36.39M | 20.11M | 4.23M | 224.76K |
| Accounts Payable | 5.86M | 8.87M | 4.8M | 1.22M | 136.56K |
| Days Payables Outstanding | 718.25 | 785.29 | - | 87.21 | - |
| Short-Term Debt | 995.75K | 9.08M | 6.52M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 5.68M | 1.09M | 1.19M | 0 |
| Current Ratio | 0.35x | 0.14x | 0.34x | 1.30x | 1.49x |
| Quick Ratio | 0.35x | 0.14x | 0.34x | 1.30x | 1.49x |
| Cash Conversion Cycle | -680.4 | - | - | - | - |
| Total Non-Current Liabilities | 13.36M | 38.59M | 50.01M | 31.98M | 0 |
| Long-Term Debt | 4.39M | 34.18M | 37.49M | 26.75M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 58.92K | 0 |
| Deferred Tax Liabilities | 13.21M | 2.69M | 6.16M | 0 | 0 |
| Other Non-Current Liabilities | 1.9M | 1.72M | 6.36M | 5.17M | 0 |
| Total Liabilities | 28.62M | 74.99M | 70.12M | 36.2M | 224.76K |
| Total Debt | 5.39M | 43.26M | 44M | 26.88M | 0 |
| Net Debt | 4.51M | 40.29M | 40.5M | 24.86M | -38.74K |
| Debt / Equity | 0.09x | 1.56x | 1.44x | 0.94x | - |
| Debt / EBITDA | -1.54x | - | 5.54x | 1.31x | - |
| Net Debt / EBITDA | -1.29x | - | 5.10x | 1.21x | - |
| Interest Coverage | 1.84x | -0.25x | 1.38x | 18.00x | - |
| Total Equity | 60.9M | 27.72M | 30.61M | 28.5M | 111.22K |
| Equity Growth % | 212.24% | -9.43% | 7.37% | 25529.17% | - |
| Book Value per Share | 1.11 | 4.83 | 5.85 | 2.45 | 0.01 |
| Total Shareholders' Equity | 60.9M | 3.11M | -2.8M | 28.5M | 111.22K |
| Common Stock | 4.5K | 1.08K | 704 | 28.5M | 288 |
| Retained Earnings | -25.21M | -28.2M | -19.12M | 0 | -13.78K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 24.61M | 33.41M | 0 | 0 |
Liquidity and capital exhaustion
According to recent quarterly filings, EONR's equity position has fluctuated significantly, dropping from a peak of $60.9M in 2025Q3 after periods of negative equity, suggesting that the company's financial foundation remains highly unstable and sensitive to ongoing operational losses and capital structure adjustments.
The volatility in equity reflects the company's struggle to maintain a stable capital base while navigating persistent net losses. Investors should monitor whether the recent equity improvement is sustainable or merely a temporary result of financing activities that do not address the underlying operational deficits.
As reported in financial statements, EONR's debt-to-equity ratio has seen extreme variance, peaking at 1.81 in 2024Q3 before moderating to 0.09 in 2025Q3, which indicates a highly reactive approach to debt management that may be driven by necessity rather than strategic capital allocation.
The sharp reduction in leverage suggests a potential deleveraging event, yet the company's inability to generate consistent operating cash flow makes any debt-funded growth strategy appear precarious. The reliance on external financing to manage the balance sheet warrants further investigation into the cost and terms of these obligations.
Based on EONR's reported figures, the current ratio has remained consistently low, hovering between 0.12 and 0.35 over the last ten quarters, which signals a severe lack of working capital to cover short-term obligations and maintain necessary operational flexibility in the Permian Basin.
A current ratio consistently below 1.0 suggests that the company is perpetually reliant on external capital or asset monetization to meet its immediate liabilities. This liquidity profile leaves little room for error, particularly if production volumes continue to face downward pressure or if unexpected maintenance costs arise.
As indicated by the company's balance sheet, PPE net assets represent the vast majority of the $89.5M total asset base as of 2025Q3, confirming an asset-heavy business model that is entirely dependent on the mechanical integrity of its 207 injection wells.
The concentration of value in fixed assets implies that any impairment or regulatory restriction on injection activities would have a disproportionate impact on the company's book value. The lack of diversification in the asset mix underscores the high-risk nature of the company's single-field operational strategy.
Analysis of the balance sheet reveals that the absence of significant deferred revenue or long-term liabilities may mask the true scale of future Asset Retirement Obligations, which are not explicitly detailed but are inherent to the operation of 207 injection wells in a mature field.
Investors should be cautious, as the current balance sheet may understate the long-term decommissioning costs required to eventually plug and abandon these wells. This potential liability represents a significant, non-obvious risk that could materially impact the company's net asset value in future periods.
Quick answers to the most common questions about buying EONR stock.
As of 2024, EON Resources Inc. (EONR) had total assets of $102.7M including $5.2M in current assets.
EON Resources Inc. (EONR) carries total debt of $43.3M, offset by $3.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
EON Resources Inc. (EONR) has total shareholders' equity (book value) of $3.1M ($4.83 book value per share). Book value represents the net worth of the company belonging to common stock holders.
EON Resources Inc. (EONR) reported a current ratio of 0.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.