Central Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Central Petroleum has a total shareholder equity of A$32.6M and total debt of A$23.2M, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are A$103.6M and A$71.1M respectively. Central Petroleum's EBIT is A$1.3M making its interest coverage ratio 0.6. It has cash and short-term investments of A$25.0M.
Key information
71.2%
Debt to equity ratio
AU$23.16m
Debt
| Interest coverage ratio | 0.6x |
| Cash | AU$24.99m |
| Equity | AU$32.56m |
| Total liabilities | AU$71.08m |
| Total assets | AU$103.64m |
Recent financial health updates
Here's Why Central Petroleum (ASX:CTP) Has A Meaningful Debt Burden
Jun 04
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
Central Petroleum Limited's (ASX:CTP) 25% Dip In Price Shows Sentiment Is Matching Revenues
Jun 19Here's Why Central Petroleum (ASX:CTP) Has A Meaningful Debt Burden
Jun 04Central Petroleum Limited's (ASX:CTP) Shares Bounce 35% But Its Business Still Trails The Industry
Apr 22Is 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 09
Here'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$34.2M) exceed its short term liabilities (A$18.2M).
Long Term Liabilities: CTP's short term assets (A$34.2M) do not cover its long term liabilities (A$52.9M).
Debt to Equity History and Analysis
Debt Level: CTP has more cash than its total debt.
Reducing Debt: CTP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CTP's debt is well covered by operating cash flow (29.6%).
Interest Coverage: CTP's interest payments on its debt are not well covered by EBIT (0.6x coverage).