88 Energy Balance Sheet Health
Financial Health criteria checks 4/6
88 Energy has a total shareholder equity of A$142.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$144.0M and A$1.8M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$7.88m |
| Equity | AU$142.19m |
| Total liabilities | AU$1.79m |
| Total assets | AU$143.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 88E's short term assets (A$15.3M) exceed its short term liabilities (A$1.8M).
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 34.3%.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 88E has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.4% each year.