NuEnergy Gas Balance Sheet Health
Financial Health criteria checks 4/6
NuEnergy Gas has a total shareholder equity of A$26.3M and total debt of A$4.9M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are A$42.4M and A$16.2M respectively.
Key information
18.5%
Debt to equity ratio
AU$4.86m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$145.79k |
| Equity | AU$26.28m |
| Total liabilities | AU$16.15m |
| Total assets | AU$42.43m |
Recent financial health updates
Here's Why NuEnergy Gas (ASX:NGY) Can Afford Some Debt
Mar 20
NuEnergy 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 24
Recent 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$211.7K) do not cover its short term liabilities (A$16.2M).
Long Term Liabilities: NGY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NGY's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: NGY's debt to equity ratio has increased from 9.4% to 18.5% 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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NGY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.