Omega Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
Omega Oil & Gas has a total shareholder equity of A$39.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$41.8M and A$2.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$19.28m |
| Equity | AU$39.45m |
| Total liabilities | AU$2.40m |
| Total assets | AU$41.85m |
Financial Position Analysis
Short Term Liabilities: OMA's short term assets (A$21.0M) exceed its short term liabilities (A$489.2K).
Long Term Liabilities: OMA's short term assets (A$21.0M) exceed its long term liabilities (A$1.9M).
Debt to Equity History and Analysis
Debt Level: OMA is debt free.
Reducing Debt: OMA had no debt 5 years ago.
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: OMA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OMA has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 79.2% each year