Otto Energy Balance Sheet Health
Financial Health criteria checks 6/6
Otto Energy has a total shareholder equity of $42.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $51.2M and $8.4M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$34.12m |
| Equity | US$42.83m |
| Total liabilities | US$8.39m |
| Total assets | US$51.22m |
Recent financial health updates
Is Otto Energy (ASX:OEL) Using Too Much Debt?
Oct 13
Is Otto Energy (ASX:OEL) Using Too Much Debt?
Sep 29Recent updates
Lacklustre Performance Is Driving Otto Energy Limited's (ASX:OEL) Low P/S
Apr 27Otto Energy Limited's (ASX:OEL) Business And Shares Still Trailing The Industry
Dec 18Insufficient Growth At Otto Energy Limited (ASX:OEL) Hampers Share Price
Mar 15Is Otto Energy (ASX:OEL) Using Too Much Debt?
Oct 13Robust Earnings May Not Tell The Whole Story For Otto Energy (ASX:OEL)
Mar 21Is Otto Energy (ASX:OEL) Using Too Much Debt?
Sep 29Are Insiders Buying Otto Energy Limited (ASX:OEL) Stock?
Mar 01Financial Position Analysis
Short Term Liabilities: OEL's short term assets ($37.9M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: OEL's short term assets ($37.9M) exceed its long term liabilities ($6.3M).
Debt to Equity History and Analysis
Debt Level: OEL is debt free.
Reducing Debt: OEL has no debt compared to 5 years ago when its debt to equity ratio was 25.9%.
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: Whilst unprofitable OEL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OEL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.3% per year.