Horizon Oil Balance Sheet Health
Financial Health criteria checks 5/6
Horizon Oil has a total shareholder equity of $83.2M and total debt of $25.9M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are $205.3M and $122.0M respectively. Horizon Oil's EBIT is $37.7M making its interest coverage ratio -34.2. It has cash and short-term investments of $52.6M.
Key information
31.1%
Debt to equity ratio
US$25.86m
Debt
| Interest coverage ratio | -34.2x |
| Cash | US$52.57m |
| Equity | US$83.24m |
| Total liabilities | US$122.03m |
| Total assets | US$205.28m |
Recent financial health updates
Recent updates
Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
Aug 31
Horizon Oil (ASX:HZN) Could Become A Multi-Bagger
Apr 19Calculating The Fair Value Of Horizon Oil Limited (ASX:HZN)
Feb 01Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings
Sep 01Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?
Feb 26Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year
Dec 15
Financial Position Analysis
Short Term Liabilities: HZN's short term assets ($70.9M) exceed its short term liabilities ($30.6M).
Long Term Liabilities: HZN's short term assets ($70.9M) do not cover its long term liabilities ($91.4M).
Debt to Equity History and Analysis
Debt Level: HZN has more cash than its total debt.
Reducing Debt: HZN's debt to equity ratio has reduced from 34% to 31.1% over the past 5 years.
Debt Coverage: HZN's debt is well covered by operating cash flow (248.4%).
Interest Coverage: HZN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 04:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Horizon Oil Limited is covered by 14 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Johan Hedstrom | Bell Potter |
| James Bullen | BofA Global Research |
| Alva DeVoy | CGS International |