Central Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Central Petroleum has a total shareholder equity of A$33.7M and total debt of A$25.4M, which brings its debt-to-equity ratio to 75.2%. Its total assets and total liabilities are A$105.8M and A$72.1M respectively. Central Petroleum's EBIT is A$5.0M making its interest coverage ratio 2.9. It has cash and short-term investments of A$21.4M.
Key information
75.2%
Debt to equity ratio
AU$25.36m
Debt
Interest coverage ratio | 2.9x |
Cash | AU$21.43m |
Equity | AU$33.71m |
Total liabilities | AU$72.14m |
Total assets | AU$105.84m |
Recent financial health updates
Is Central Petroleum (ASX:CTP) A Risky Investment?
Oct 31Central Petroleum (ASX:CTP) Has Debt But No Earnings; Should You Worry?
Apr 04These 4 Measures Indicate That Central Petroleum (ASX:CTP) Is Using Debt Extensively
Mar 28Recent updates
Is Central Petroleum (ASX:CTP) A Risky Investment?
Oct 31Central Petroleum (ASX:CTP) Has Debt But No Earnings; Should You Worry?
Apr 04We Think Some Shareholders May Hesitate To Increase Central Petroleum Limited's (ASX:CTP) CEO Compensation
Nov 03Do Central Petroleum's (ASX:CTP) Earnings Warrant Your Attention?
May 17Shareholders May Be More Conservative With Central Petroleum Limited's (ASX:CTP) CEO Compensation For Now
Nov 03Calculating The Intrinsic Value Of Central Petroleum Limited (ASX:CTP)
May 09Central Petroleum Limited's (ASX:CTP) Business Is Yet to Catch Up With Its Share Price
Apr 18These 4 Measures Indicate That Central Petroleum (ASX:CTP) Is Using Debt Extensively
Mar 28Does Central Petroleum (ASX:CTP) Have The Makings Of A Multi-Bagger?
Mar 02The Central Petroleum (ASX:CTP) Share Price Has Gained 61% And Shareholders Are Hoping For More
Feb 09Here's What We Think About Central Petroleum's (ASX:CTP) CEO Pay
Jan 11Are Central Petroleum's (ASX:CTP) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 15Will the Promising Trends At Central Petroleum (ASX:CTP) Continue?
Nov 19Financial Position Analysis
Short Term Liabilities: CTP's short term assets (A$32.1M) exceed its short term liabilities (A$13.6M).
Long Term Liabilities: CTP's short term assets (A$32.1M) do not cover its long term liabilities (A$58.6M).
Debt to Equity History and Analysis
Debt Level: CTP's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: CTP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTP's debt is not well covered by operating cash flow (9%).
Interest Coverage: CTP's interest payments on its debt are not well covered by EBIT (2.9x coverage).