Australis Oil & Gas Balance Sheet Health
Financial Health criteria checks 4/6
Australis Oil & Gas has a total shareholder equity of $48.6M and total debt of $11.3M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are $70.4M and $21.7M respectively.
Key information
23.2%
Debt to equity ratio
US$11.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.70m |
| Equity | US$48.62m |
| Total liabilities | US$21.73m |
| Total assets | US$70.35m |
Recent financial health updates
Is Australis Oil & Gas (ASX:ATS) Using Debt Sensibly?
Oct 16
Australis Oil & Gas (ASX:ATS) Has Debt But No Earnings; Should You Worry?
Jun 20We Think Australis Oil & Gas (ASX:ATS) Has A Fair Chunk Of Debt
Sep 30We Think Australis Oil & Gas (ASX:ATS) Can Stay On Top Of Its Debt
Jun 16Does Australis Oil & Gas (ASX:ATS) Have A Healthy Balance Sheet?
Aug 25We Think Australis Oil & Gas (ASX:ATS) Has A Fair Chunk Of Debt
Apr 28Recent updates
Is Australis Oil & Gas (ASX:ATS) Using Debt Sensibly?
Oct 16Benign Growth For Australis Oil & Gas Limited (ASX:ATS) Underpins Its Share Price
Aug 23Australis Oil & Gas (ASX:ATS) Has Debt But No Earnings; Should You Worry?
Jun 20Benign Growth For Australis Oil & Gas Limited (ASX:ATS) Underpins Its Share Price
Apr 18Estimating The Intrinsic Value Of Australis Oil & Gas Limited (ASX:ATS)
Mar 12Improved Revenues Required Before Australis Oil & Gas Limited (ASX:ATS) Shares Find Their Feet
Dec 29Are Investors Undervaluing Australis Oil & Gas Limited (ASX:ATS) By 31%?
Nov 04We Think Australis Oil & Gas (ASX:ATS) Has A Fair Chunk Of Debt
Sep 30Returns On Capital Are Showing Encouraging Signs At Australis Oil & Gas (ASX:ATS)
Jul 28We Think Australis Oil & Gas (ASX:ATS) Can Stay On Top Of Its Debt
Jun 16Calculating The Intrinsic Value Of Australis Oil & Gas Limited (ASX:ATS)
Mar 27We Like These Underlying Return On Capital Trends At Australis Oil & Gas (ASX:ATS)
Feb 20The Return Trends At Australis Oil & Gas (ASX:ATS) Look Promising
Nov 02Does Australis Oil & Gas (ASX:ATS) Have A Healthy Balance Sheet?
Aug 25We Think Australis Oil & Gas (ASX:ATS) Has A Fair Chunk Of Debt
Apr 28We Think Australis Oil & Gas (ASX:ATS) Can Stay On Top Of Its Debt
Sep 10Is Australis Oil & Gas Limited (ASX:ATS) Trading At A 36% Discount?
Nov 18Financial Position Analysis
Short Term Liabilities: ATS's short term assets ($11.1M) do not cover its short term liabilities ($12.2M).
Long Term Liabilities: ATS's short term assets ($11.1M) exceed its long term liabilities ($9.6M).
Debt to Equity History and Analysis
Debt Level: ATS's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: ATS's debt to equity ratio has increased from 10.1% to 23.2% 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: Whilst unprofitable ATS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49% per year.