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 ratio | n/a |
Cash | AU$7.32m |
Equity | AU$139.65m |
Total liabilities | AU$1.46m |
Total assets | AU$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.