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HKN, Inc. (HKN)
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HKN » Topics » Pro-Forma Financial Condition

This excerpt taken from the HKN 10-Q filed Nov 7, 2006.

Pro-Forma Financial Condition

(Thousands of dollars)

 

December
31, 2005

 

September
30, 2006

 

 

 

(Pro forma)

 

(unaudited)

 

Current ratio

 

4.30 to 1

 

5.82 to 1

 

Working capital

 

$

35,157

 

$

38,331

 

Total debt

 

$

—

 

$

—

 

Total cash and short term investments less debt

 

$

29,269

 

$

34,099

 

Stockholders’ equity

 

$

131,610

 

$

110,644

 

Total liabilities to equity

 

0.12 to 1

 

0.14 to 1

 

Working capital is the difference between current assets and current liabilities.

We may continue to seek to raise financing through the issuance of debt, equity and convertible debt instruments, and/or the sale of shares in Global, if needed, for utilization for acquisition, development or investment opportunities as they arise. We may reduce our ownership interest in Global’s common shares through strategic sales under certain conditions.

This excerpt taken from the HKN 10-Q filed Aug 8, 2006.

Pro-Forma Financial Condition

 

 

 

 

 

 

(Thousands of dollars)

 

December
31, 2005

 

June 30,
2006

 

 

 

(Pro forma)

 

(unaudited)

 

Current ratio

 

4.30 to 1

 

6.47 to 1

 

Working capital

 

$

35,157

 

$

33,753

 

Total debt

 

$

—

 

$

—-

 

Total cash and short term investments less debt

 

$

29,269

 

$

33,294

 

Stockholders’ equity

 

$

131,610

 

$

121,247

 

Total liabilities to equity

 

0.12 to 1

 

0.10 to 1

 

Working capital is the difference between current assets and current liabilities.

We may continue to seek to raise additional financing through the issuance of debt, equity and convertible debt instruments, and/or the sale of shares in Global, if needed, for utilization for acquisition, development or investment opportunities as they arise. We may reduce our ownership interest in Global’s common shares through strategic sales under certain conditions.

EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2006
10-Q
Aug 8, 2006

RELATED TOPICS for HKN:

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