Australian Oil Balance Sheet Health
Financial Health criteria checks 0/6
Australian Oil has a total shareholder equity of A$-7.7M and total debt of A$1.1M, which brings its debt-to-equity ratio to -14.6%. Its total assets and total liabilities are A$23.4M and A$31.0M respectively.
Key information
-14.6%
Debt to equity ratio
AU$1.12m
Debt
Interest coverage ratio | n/a |
Cash | AU$265.73k |
Equity | -AU$7.65m |
Total liabilities | AU$31.04m |
Total assets | AU$23.38m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: AOK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AOK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AOK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AOK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AOK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if AOK's interest payments on its debt are well covered by EBIT.