The company's financial position appears increasingly strained, with the debt-to-equity ratio rising to 0.66 as accumulated deficits reached $1.2 billion by 2026Q1.
| Total Current Assets | 847.47M | 841.31M | 659.38M | 422.18M | 367.83M | 340M | 247.39M | 293.98M | 416.85M | 144.88M | 155.45M | 150.42M |
| Cash & Short-Term Investments | 386.37M | 362.81M | 108.17M | 33.64M | 44.15M | 69.85M | 34.23M | 87.02M | 139.91M | 32.19M | 32.23M | 49.34M |
| Cash Only | 386.37M | 362.81M | 108.17M | 33.64M | 44.15M | 69.85M | 34.23M | 87.02M | 139.91M | 32.19M | 32.23M | 10.76M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.58M |
| Accounts Receivable | 341.33M | 323.06M | 404.26M | 277.61M | 211.98M | 219.47M | 175.14M | 130.74M | 153.66M | 88.97M | 65.16M | 94.2M |
| Days Sales Outstanding | 70.16 | 66.24 | 74.77 | 69.5 | 46.84 | 64.37 | 110.99 | 52.55 | 62.93 | 79.14 | 95.21 | 111.02 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115.63M | 840K | 1.09M | 535K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 96.65 | 1.14 | 1.59 | 0.5 |
| Other Current Assets | 119.77M | 72.36M | 69.47M | 46.54M | 26.95M | 2.64M | 8.73M | 10.35M | 84.36M | 4.95M | 39.59M | 6.35M |
| Total Non-Current Assets | 4.43B | 4.71B | 5.53B | 4.39B | 2.69B | 2.43B | 2.59B | 2.3B | 2.06B | 1.09B | 1.06B | 1.26B |
| Property, Plant & Equipment | 31.37M | 31.86M | 5.28B | 4.05B | 2.67B | 2.41B | 2.56B | 2.24B | 2.05B | 1.09B | 1.04B | 1.24B |
| Fixed Asset Turnover | 0.73x | 55.88x | 0.37x | 0.36x | 0.62x | 0.52x | 0.22x | 0.41x | 0.43x | 0.38x | 0.24x | 0.25x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 483.7M | 112.38M | 111.27M | 146.05M | 1.75M | 0 | 0 | 0 | 0 | 345K | 0 | 0 |
| Other Non-Current Assets | 4.35B | 4.57B | 136.27M | 196.36M | 14.33M | 15.07M | 25.2M | 54.38M | 11.92M | 3.28M | 13.66M | 18.47M |
| Total Assets | 5.27B | 5.55B | 6.19B | 4.82B | 3.06B | 2.77B | 2.83B | 2.59B | 2.48B | 1.24B | 1.21B | 1.41B |
| Asset Turnover | 0.31x | 0.32x | 0.32x | 0.30x | 0.54x | 0.45x | 0.20x | 0.35x | 0.36x | 0.33x | 0.21x | 0.22x |
| Asset Growth % | -42.16% | -10.33% | 28.56% | 57.47% | 10.55% | -2.39% | 9.46% | 4.42% | 100.11% | 2.23% | -14.03% | - |
| Total Current Liabilities | 706.97M | 644.72M | 723.05M | 578.62M | 607.06M | 600.53M | 447.53M | 370.45M | 380.42M | 323.47M | 191.18M | 159.22M |
| Accounts Payable | 108.7M | 92.98M | 117.06M | 84.19M | 128.17M | 85.81M | 104.86M | 71.36M | 51.02M | 72.68M | 69.84M | 82.21M |
| Days Payables Outstanding | 28.81 | 19.63 | 26.85 | 29.11 | 64.42 | 45.86 | 62.55 | 44.09 | 42.64 | 98.99 | 101.55 | 77.51 |
| Short-Term Debt | 3.7M | 3.66M | 0 | 33.06M | 0 | 6.06M | 0 | 0 | 443K | 24.98M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 306.33M | 160.66M | -408K | 0 |
| Other Current Liabilities | 594.57M | 548.09M | 148.49M | 115.82M | 168.62M | 279.9M | 140.09M | 100.71M | 91.59M | 104.89M | 75.37M | 77.02M |
| Current Ratio | 1.20x | 1.30x | 0.91x | 0.73x | 0.61x | 0.57x | 0.55x | 0.79x | 1.10x | 0.45x | 0.81x | 0.94x |
| Quick Ratio | 1.20x | 1.30x | 0.91x | 0.73x | 0.61x | 0.57x | 0.55x | 0.79x | 0.79x | 0.45x | 0.81x | 0.94x |
| Cash Conversion Cycle | 41.36 | - | - | - | - | - | - | - | 116.93 | -18.7 | -4.76 | 34.01 |
| Total Non-Current Liabilities | 2.69B | 2.74B | 2.71B | 2.08B | 1.29B | 1.41B | 1.46B | 1.14B | 1.09B | 969.91M | 1.01B | 1.29B |
| Long-Term Debt | 1.24B | 1.24B | 1.22B | 992.61M | 585.34M | 956.67M | 985.51M | 732.98M | 654.86M | 672.58M | 701.17M | 1.06B |
| Capital Lease Obligations | 122.36M | 0 | 15.49M | 149.44M | 14.86M | 16.33M | 18.55M | 17.24M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.45B | 1.5B | 1.47B | 940.49M | 685.8M | 432.64M | 456.35M | 390.53M | 437.21M | 297.33M | 312.95M | 229.78M |
| Total Liabilities | 3.4B | 3.38B | 3.43B | 2.66B | 1.89B | 2.01B | 1.91B | 1.51B | 1.47B | 1.29B | 1.21B | 1.45B |
| Total Debt | 1.24B | 1.24B | 1.24B | 1.2B | 602.14M | 980.77M | 1.01B | 751.81M | 655.3M | 697.56M | 701.17M | 1.06B |
| Net Debt | 855.78M | 878.99M | 1.13B | 1.16B | 557.99M | 910.92M | 971.63M | 664.79M | 515.39M | 665.37M | 668.94M | 1.05B |
| Debt / Equity | 0.66x | 0.57x | 0.45x | 0.55x | 0.52x | 1.29x | 1.09x | 0.70x | 0.65x | - | 100.37x | - |
| Debt / EBITDA | 2.84x | 1.15x | 0.94x | 1.25x | 0.50x | 1.18x | - | 1.27x | 1.14x | 3.14x | 3.90x | - |
| Net Debt / EBITDA | 1.96x | 0.82x | 0.86x | 1.21x | 0.46x | 1.10x | - | 1.12x | 0.89x | 3.00x | 3.72x | - |
| Interest Coverage | -2.36x | -2.70x | 0.62x | 1.73x | 3.95x | -0.39x | -3.33x | 1.23x | 3.93x | 0.22x | -1.96x | -11.55x |
| Total Equity | 1.87B | 2.17B | 2.76B | 2.16B | 1.17B | 760.65M | 926.6M | 1.08B | 1.01B | -54.09M | 6.99M | -39.79M |
| Equity Growth % | -75.87% | -21.44% | 28.05% | 84.9% | 53.23% | -17.91% | -14.07% | 7.03% | 1962.73% | -874.22% | 117.56% | - |
| Book Value per Share | 11.13 | 12.38 | 15.72 | 17.85 | 13.93 | 9.30 | 13.69 | 19.82 | 21.87 | -1.00 | 0.13 | -0.73 |
| Total Shareholders' Equity | 1.87B | 2.17B | 2.76B | 2.16B | 1.17B | 760.65M | 926.6M | 1.08B | 1.01B | -54.09M | 6.99M | -39.79M |
| Common Stock | 1.9M | 1.89M | 1.87M | 1.27M | 826K | 819K | 813K | 542K | 542K | 312K | 56K | 553K |
| Retained Earnings | -1.17B | -918.4M | -424.11M | -347.72M | -535.05M | -916.96M | -734.01M | -268.41M | -327.14M | -544.27M | -2.3B | -1.71B |
| Treasury Stock | 0 | -212.14M | -92.69M | -47.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -860K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.95M |
| Minority Interest | 300K | 139K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High decommissioning liability exposure
As reported in recent financial statements, Talos Energy's equity base has contracted from $2.8 billion in 2024Q1 to $1.9 billion by 2026Q1, reflecting a persistent trend of value destruction driven by accumulated deficits that now total over $1.2 billion on the company's balance sheet.
The consistent decline in retained earnings suggests that the company is struggling to generate sufficient returns to offset its operational costs and capital investments. This downward trajectory in equity quality warrants further investigation into whether the current asset base can support future growth without further dilutive financing.
Based on the company's quarterly filings, total debt has remained relatively stable at $1.2 billion as of 2026Q1, yet the debt-to-equity ratio has climbed to 0.66, indicating that the firm's leverage is becoming increasingly burdensome as the underlying equity cushion continues to shrink over time.
While the absolute debt level appears managed, the rising D/E ratio suggests that Talos is becoming more sensitive to interest rate volatility and credit market conditions. Investors should monitor whether the company's cash flow generation remains sufficient to service these obligations without necessitating further debt-funded capital expenditures.
According to the provided balance sheet data, Talos Energy has improved its cash position to $386.4 million in 2026Q1 from a low of $21.0 million in 2024Q1, though the current ratio of 1.20 suggests a limited buffer against potential operational shocks or sudden capital requirements.
The improvement in cash reserves appears to be a strategic priority, yet the narrow current ratio implies that the company remains vulnerable to liquidity constraints if production volumes underperform. This liquidity profile suggests that management must maintain strict capital discipline to avoid depleting its recently bolstered cash reserves.
As evidenced by the company's reported figures, the absence of goodwill and the volatility in net PPE suggest that Talos's balance sheet may be susceptible to significant impairment risks if the underlying value of its offshore production assets is reassessed under lower commodity price assumptions.
The lack of intangible assets on the balance sheet may provide a false sense of security, as the true risk likely resides in the carrying value of its mature offshore infrastructure. Any downward revision in reserve estimates could lead to substantial non-cash charges that would further impair the company's already strained equity position.
Quick answers to the most common questions about buying TALO stock.
As of 2025, Talos Energy Inc. (TALO) had total assets of $5.55B including $841.3M in current assets.
Talos Energy Inc. (TALO) carries total debt of $1.24B, offset by $362.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Talos Energy Inc. (TALO) has total shareholders' equity (book value) of $2.17B ($12.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Talos Energy Inc. (TALO) reported a current ratio of 1.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.