NuEnergy Gas Balance Sheet Health
Financial Health criteria checks 2/6
NuEnergy Gas has a total shareholder equity of A$26.0M and total debt of A$4.7M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are A$41.8M and A$15.8M respectively.
Key information
17.9%
Debt to equity ratio
AU$4.66m
Debt
Interest coverage ratio | n/a |
Cash | AU$864.13k |
Equity | AU$26.03m |
Total liabilities | AU$15.79m |
Total assets | AU$41.82m |
Recent financial health updates
Here's Why NuEnergy Gas (ASX:NGY) Can Afford Some Debt
Mar 20NuEnergy Gas (ASX:NGY) Is Carrying A Fair Bit Of Debt
Sep 19Here's Why NuEnergy Gas (ASX:NGY) Can Afford Some Debt
Apr 11NuEnergy Gas (ASX:NGY) Is Carrying A Fair Bit Of Debt
Dec 16Is NuEnergy Gas (ASX:NGY) Using Debt In A Risky Way?
Apr 19Is NuEnergy Gas (ASX:NGY) Using Too Much Debt?
Dec 24Recent updates
Here's Why NuEnergy Gas (ASX:NGY) Can Afford Some Debt
Mar 20NuEnergy Gas (ASX:NGY) Is Carrying A Fair Bit Of Debt
Sep 19Here's Why NuEnergy Gas (ASX:NGY) Can Afford Some Debt
Apr 11NuEnergy Gas (ASX:NGY) Is Carrying A Fair Bit Of Debt
Dec 16Is NuEnergy Gas (ASX:NGY) Using Debt In A Risky Way?
Apr 19NuEnergy Gas' (ASX:NGY) Earnings Are Built On Soft Foundations
Mar 18Is NuEnergy Gas (ASX:NGY) Using Too Much Debt?
Dec 24Financial Position Analysis
Short Term Liabilities: NGY's short term assets (A$994.1K) do not cover its short term liabilities (A$15.8M).
Long Term Liabilities: NGY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NGY's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: NGY's debt to equity ratio has increased from 4.2% to 17.9% 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: NGY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NGY has less than a year of cash runway if free cash flow continues to grow at historical rates of 29.7% each year.