Central Petroleum Limited

ASX:CTP Stock Report

Market Cap: AU$37.7m

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 ratio2.9x
CashAU$21.43m
EquityAU$33.71m
Total liabilitiesAU$72.14m
Total assetsAU$105.84m

Recent financial health updates

Recent updates

Is Central Petroleum (ASX:CTP) A Risky Investment?

Oct 31
Is Central Petroleum (ASX:CTP) A Risky Investment?

Central Petroleum (ASX:CTP) Has Debt But No Earnings; Should You Worry?

Apr 04
Central Petroleum (ASX:CTP) Has Debt But No Earnings; Should You Worry?

We Think Some Shareholders May Hesitate To Increase Central Petroleum Limited's (ASX:CTP) CEO Compensation

Nov 03
We Think Some Shareholders May Hesitate To Increase Central Petroleum Limited's (ASX:CTP) CEO Compensation

Do Central Petroleum's (ASX:CTP) Earnings Warrant Your Attention?

May 17
Do Central Petroleum's (ASX:CTP) Earnings Warrant Your Attention?

Shareholders May Be More Conservative With Central Petroleum Limited's (ASX:CTP) CEO Compensation For Now

Nov 03
Shareholders May Be More Conservative With Central Petroleum Limited's (ASX:CTP) CEO Compensation For Now

Calculating The Intrinsic Value Of Central Petroleum Limited (ASX:CTP)

May 09
Calculating The Intrinsic Value Of Central Petroleum Limited (ASX:CTP)

Central Petroleum Limited's (ASX:CTP) Business Is Yet to Catch Up With Its Share Price

Apr 18
Central Petroleum Limited's (ASX:CTP) Business Is Yet to Catch Up With Its Share Price

These 4 Measures Indicate That Central Petroleum (ASX:CTP) Is Using Debt Extensively

Mar 28
These 4 Measures Indicate That Central Petroleum (ASX:CTP) Is Using Debt Extensively

Does Central Petroleum (ASX:CTP) Have The Makings Of A Multi-Bagger?

Mar 02
Does Central Petroleum (ASX:CTP) Have The Makings Of A Multi-Bagger?

The Central Petroleum (ASX:CTP) Share Price Has Gained 61% And Shareholders Are Hoping For More

Feb 09
The Central Petroleum (ASX:CTP) Share Price Has Gained 61% And Shareholders Are Hoping For More

Here's What We Think About Central Petroleum's (ASX:CTP) CEO Pay

Jan 11
Here's What We Think About Central Petroleum's (ASX:CTP) CEO Pay

Are Central Petroleum's (ASX:CTP) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Dec 15
Are Central Petroleum's (ASX:CTP) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Will the Promising Trends At Central Petroleum (ASX:CTP) Continue?

Nov 19
Will the Promising Trends At Central Petroleum (ASX:CTP) Continue?

Financial 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).


Balance Sheet


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