Strike Energy Balance Sheet Health

Financial Health criteria checks 4/6

Strike Energy has a total shareholder equity of A$437.7M and total debt of A$49.3M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are A$539.2M and A$101.6M respectively.

Key information

11.26%

Debt to equity ratio

AU$49.28m

Debt

Interest coverage ratio	n/a
Cash	AU$33.23m
Equity	AU$437.66m
Total liabilities	AU$101.58m
Total assets	AU$539.24m

Recent financial health updates

Recent updates

Risks Still Elevated At These Prices As Strike Energy Limited (ASX:STX) Shares Dive 26%

Jul 31

Optimistic Investors Push Strike Energy Limited (ASX:STX) Shares Up 32% But Growth Is Lacking

May 07

Here's Why Strike Energy (ASX:STX) Can Afford Some Debt

Apr 02

Upcoming South Erregulla Gas Station Will Capture Market Share By 2026

Feb 02 Strategic initiatives in project portfolio monetization and South Erregulla positioning enhance potential revenue and operational efficiencies.

Strike Energy (ASX:STX) Has A Somewhat Strained Balance Sheet

Sep 30

Is Strike Energy (ASX:STX) A Risky Investment?

Mar 29

Is Strike Energy (ASX:STX) Using Too Much Debt?

Dec 05

Strike Energy Limited's (ASX:STX) Intrinsic Value Is Potentially 37% Above Its Share Price

Aug 18

Strike Energy Limited (ASX:STX) Shares Could Be 28% Above Their Intrinsic Value Estimate

Apr 21

A Look At The Intrinsic Value Of Strike Energy Limited (ASX:STX)

Jan 06

Is Strike Energy (ASX:STX) A Risky Investment?

Jun 16

Is Strike Energy (ASX:STX) Using Too Much Debt?

Mar 02

Financial Position Analysis

Short Term Liabilities: STX's short term assets (A$50.0M) do not cover its short term liabilities (A$69.7M).

Long Term Liabilities: STX's short term assets (A$50.0M) exceed its long term liabilities (A$31.9M).

Debt to Equity History and Analysis

Debt Level: STX's net debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: STX's debt to equity ratio has increased from 0% to 11.3% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: STX has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: STX is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/14 08:36
End of Day Share Price	2025/08/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Strike Energy Limited is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Josh Kannourakis	Barrenjoey Markets Pty Limited
Dale Koenders	Barrenjoey Markets Pty Limited
Stuart Howe	Bell Potter

Strike Energy Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Here's Why Strike Energy (ASX:STX) Can Afford Some Debt

Strike Energy (ASX:STX) Has A Somewhat Strained Balance Sheet

Is Strike Energy (ASX:STX) A Risky Investment?

Is Strike Energy (ASX:STX) Using Too Much Debt?

Is Strike Energy (ASX:STX) A Risky Investment?

Is Strike Energy (ASX:STX) Using Too Much Debt?

Recent updates

Risks Still Elevated At These Prices As Strike Energy Limited (ASX:STX) Shares Dive 26%

New minor risk - Shareholder dilution

Strike Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 51.61889 million.

Price target decreased by 7.6% to AU$0.23

Now 31% undervalued after recent price drop

Strike Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 37.60216 million.

Less than half of directors are independent

Optimistic Investors Push Strike Energy Limited (ASX:STX) Shares Up 32% But Growth Is Lacking

Key Executive recently bought AU$486k worth of stock

Consensus EPS estimates fall by 20%

Here's Why Strike Energy (ASX:STX) Can Afford Some Debt

New major risk - Financial position

Consensus EPS estimates fall by 56%

Consensus revenue estimates fall by 10%

Upcoming South Erregulla Gas Station Will Capture Market Share By 2026

Strike Energy Limited to Report Q2, 2025 Results on Jan 31, 2025

Consensus EPS estimates fall by 31%

Strike Energy (ASX:STX) Has A Somewhat Strained Balance Sheet

Strike Energy Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Share price stability

Strike Energy Limited to Report Q1, 2025 Results on Oct 24, 2024

New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin

Independent Non-Executive Director recently bought AU$53k worth of stock

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

Non-Executive Director recently sold AU$284k worth of stock

Is Strike Energy (ASX:STX) A Risky Investment?

New minor risk - Share price stability

Non-Independent Non-Executive Chairman recently bought AU$76k worth of stock

Price target decreased by 8.1% to AU$0.47

New major risk - Financial position

Strike Energy Limited to Report Q2, 2024 Results on Jan 29, 2024

Is Strike Energy (ASX:STX) Using Too Much Debt?

Strike Energy Limited Confirms Continuity of South Erregulla Gas Field

Strike Energy Reportedly Out of Race for Oil, Gas Assets

MD, CEO & Executive Director recently sold AU$552k worth of stock

Strike Energy Limited, Annual General Meeting, Nov 23, 2023

Strike Energy Limited's (ASX:STX) Intrinsic Value Is Potentially 37% Above Its Share Price

New major risk - Financial position

Price target increased by 13% to AU$0.52

Less than half of directors are independent

Strike Energy Limited Provides Update on Eneabba Deep

Strike Energy Limited (ASX:STX) Shares Could Be 28% Above Their Intrinsic Value Estimate

Consensus EPS estimates fall by 11%

A Look At The Intrinsic Value Of Strike Energy Limited (ASX:STX)

Strike Energy Limited Provides Erregulla Domestic Gas Strategy Update

Consensus EPS estimates fall by 75%

Strike Energy Limited Updates on the Forward Drilling Activities At the Broader West Erregulla Gas Field on Behalf of the Ep469 JV

Price target increased to AU$0.44

Consensus revenue estimates increase by 31%

Strike Energy Limited Identifies Significant Extension of Perth Basin Permian Trend

Strike Energy Limited Announces Independent Certification of South Erregulla Wagina Discovery

Strike Energy Limited Announces Independent Certification of Ocean Hill Gas Resource

Strike Energy Limited, Annual General Meeting, Nov 24, 2022

Strike Energy Limited Provides South Erregulla Update

Strike Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.

Strike Energy Limited Provides an Update on the Development Activities At the Company's 100% Owned Mid West Low Carbon Manufacturing Precinct

Strike Energy Limited Provides South Erregulla Update

Strike Energy Provides the Final Results of the Flow Testing Activities At WE3 from the West Erregulla Gas Field on Behalf of the EP469 JV

Strike Energy Limited Provides an Interim Update on the Flow Testing Activities at WE3 in the West Erregulla Gas Field

Strike Energy Limited Provides an Update on the Flow Testing Activities At We3

Non-Executive Director exercised options to buy AU$1.5m worth of stock.

Strike Energy Limited Announces Successful Walyering-6 Flow Test

Independent Non-Executive Chairman exercised options to buy AU$1.4m worth of stock.

Strike Energy Limited Provides Update on Results for WE3 At the West Erregulla Gas Field

Strike Energy Limited Provides West Erregulla Update

Is Strike Energy (ASX:STX) A Risky Investment?

Non-Executive Director exercised options to buy AU$1.5m worth of stock.

Strike Energy Limited Launches Mid West Low Carbon Manufacturing Precinct

Strike Energy Limited Provides Update on the Production Testing Activities and Operations At 100% Owned South Erregulla Gas Discovery in EP503