88 Energy Balance Sheet Health

Financial Health criteria checks 6/6

88 Energy has a total shareholder equity of A$139.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$141.1M and A$1.5M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$7.32m
EquityAU$139.65m
Total liabilitiesAU$1.46m
Total assetsAU$141.10m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 88E's short term assets (A$14.1M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: 88E has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 88E is debt free.

Reducing Debt: 88E has no debt compared to 5 years ago when its debt to equity ratio was 28%.


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: 88E has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 88E has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 7.4% each year.


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