Erin Energy Corp
Erin Energy Corporation, an independent exploration and production company, engages in the acquisition and development of energy resources in Africa. Its asset portfolio consists of five licenses covering an area of approximately 6,000 square kilometers across offshore Nigeria, offshore Ghana, and offshore The Gambia. The company was formerly known as CAMAC Energy Inc. and changed its name to Eri… Read more
Erin Energy Corp (ERINQ) - Total Assets
Latest total assets as of December 2017: $251.13 Million USD
Based on the latest financial reports, Erin Energy Corp (ERINQ) holds total assets worth $251.13 Million USD as of December 2017.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Erin Energy Corp - Total Assets Trend (2007–2017)
This chart illustrates how Erin Energy Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Erin Energy Corp - Asset Composition Analysis
Current Asset Composition (December 2017)
Erin Energy Corp's total assets of $251.13 Million consist of 20.4% current assets and 79.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.8% |
| Accounts Receivable | $11.45 Million | 4.6% |
| Inventory | $3.60 Million | 1.4% |
| Property, Plant & Equipment | $199.76 Million | 79.6% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2017)
This chart illustrates how Erin Energy Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Erin Energy Corp's current assets represent 20.4% of total assets in 2017, a decrease from 77.2% in 2007.
- Cash Position: Cash and equivalents constituted 8.8% of total assets in 2017, down from 12.7% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is property, plant & equipment at 79.6% of total assets.
Erin Energy Corp Competitors by Total Assets
Key competitors of Erin Energy Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Erin Energy Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Erin Energy Corp generates 0.40x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Erin Energy Corp is currently not profitable relative to its asset base.
Erin Energy Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.13 | 0.08 | 0.51 |
| Quick Ratio | 0.12 | 0.05 | 0.51 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-346.99 Million | $ -264.40 Million | $ -9.37 Million |
Erin Energy Corp - Advanced Valuation Insights
This section examines the relationship between Erin Energy Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -13.2% |
| Total Assets | $251.13 Million |
| Market Capitalization | $21.53K USD |
Valuation Analysis
Below Book Valuation: The market values Erin Energy Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Erin Energy Corp's assets decreased by 13.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Erin Energy Corp (2007–2017)
The table below shows the annual total assets of Erin Energy Corp from 2007 to 2017.
| Year | Total Assets | Change |
|---|---|---|
| 2017-12-31 | $251.13 Million | -13.16% |
| 2016-12-31 | $289.20 Million | -23.12% |
| 2015-12-31 | $376.16 Million | -41.08% |
| 2014-12-31 | $638.44 Million | +240.79% |
| 2013-12-31 | $187.34 Million | -6.35% |
| 2012-12-31 | $200.06 Million | -14.52% |
| 2011-12-31 | $234.03 Million | -5.57% |
| 2010-12-31 | $247.84 Million | +3233.15% |
| 2009-12-31 | $7.44 Million | -47.34% |
| 2008-12-31 | $14.12 Million | -19.12% |
| 2007-12-31 | $17.46 Million | -- |