Enservco Corp
0.0 %
-56.16 %
Yet to be announced
Company Overview
Enservco Corporation is a provider of well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The company's services include hot oiling, acidizing, frac water heating, water transfer, bacteria and scaling treatment, and water hauling. They primarily serve customers in the domestic oil fields in Colorado, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia.
Revenue Sources
Based on SEC filings and company reports, Enservco's revenue comes from providing oilfield services to the energy industry. These services involve real economic activity and value creation through well maintenance, fluid heating, and water management services. None of their reported revenue streams involve gambling, alcohol, tobacco, or other prohibited activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $3.98m | $5.92m | - | $413,000 | 0.00% | 6.98% |
| June 30, 2024 | $3.76m | $5.28m | - | $415,000 | 0.00% | 7.86% |
| March 31, 2024 | $9.79m | $9.11m | - | $578,000 | 0.00% | 6.35% |
| Dec. 31, 2023 | $6.48m | $8.47m | - | $537,000 | 0.00% | 6.34% |
The company has significant interest expenses relative to its total expenses across all four quarters analyzed. Interest expenses represented a material portion of total expenses, consistently exceeding the 5% threshold. This indicates that interest plays a material role in the company's operations.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, with no indicated presence or partnerships in Israel or direct ties to the Chinese Communist Party.
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