Xstate Resources Balance Sheet Health

Financial Health criteria checks 2/6

Xstate Resources has a total shareholder equity of A$2.2M and total debt of A$4.9K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$12.7M and A$10.5M respectively.

Key information

0.2%

Debt to equity ratio

AU$4.89k

Debt

Interest coverage ratio	n/a
Cash	AU$995.26k
Equity	AU$2.20m
Total liabilities	AU$10.54m
Total assets	AU$12.73m

Recent financial health updates

We're Hopeful That Xstate Resources (ASX:XST) Will Use Its Cash Wisely

Mar 15

Recent updates

Xstate Resources Limited (ASX:XST) Doing What It Can To Lift Shares

Jul 20

We're Hopeful That Xstate Resources (ASX:XST) Will Use Its Cash Wisely

Mar 15

Financial Position Analysis

Short Term Liabilities: XST's short term assets (A$1.1M) exceed its short term liabilities (A$967.5K).

Long Term Liabilities: XST's short term assets (A$1.1M) do not cover its long term liabilities (A$9.6M).

Debt to Equity History and Analysis

Debt Level: XST has more cash than its total debt.

Reducing Debt: XST's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.

Debt Coverage: XST's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if XST's interest payments on its debt are well covered by EBIT.

Xstate Resources Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

We're Hopeful That Xstate Resources (ASX:XST) Will Use Its Cash Wisely

Recent updates

New minor risk - Revenue size

Full year 2023 earnings released: EPS: AU$0.004 (vs AU$0.011 loss in FY 2022)

Xstate Resources Limited, Annual General Meeting, Apr 29, 2024

New major risk - Share price stability

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.008 loss in 1H 2022)

New major risk - Financial position

Xstate Resources Limited (ASX:XST) Doing What It Can To Lift Shares

We're Hopeful That Xstate Resources (ASX:XST) Will Use Its Cash Wisely

Xstate Resources Limited, Annual General Meeting, Mar 13, 2023

No independent directors

Xstate Resources Limited Reports the Results of the Competent Person's Report (Cpr) Undertaken by Independent Consultants Risc

Xstate Resources Limited Commences Commercial Production At Anshof-3

First half 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2021)

Xstate Resources Limited Announces Board Changes

Xstate Resources Limited Announces Results of the Production Test At Anshof-3

Xstate Resources Limited, Annual General Meeting, May 31, 2022

Xstate Resources Limited Announces Update on the Oil Development Wells in Alberta, Canada

No independent directors

Xstate Resources Limited Provides Update on Oil Development Well

Xstate Resources Limited Announces 2nd Canadian Oil Development Well in Reservoir

Xstate Resources Limited Provides Canadian Drilling Update

Xstate Resources Limited Provides Canadian Drilling Update

Xstate Resources Limited Provides an Update on the First of 3 Planned Oil Development Wells

Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0 in FY 2020)

Xstate Resources Limited Commences Fully Funded Four Well Exploration and Development Drilling Program

Xstate Resources Limited (ASX:XST) signed binding letter agreement to acquire an additional 25% stake in Alberta Plains Assets from Blue Sky Resources Ltd. for CAD 1.3 million.

Xstate Resources Limited Provides an Operational Update for the Borba 1-7 Well

Xstate Resources Announces Results from the 2nd Phase of Flow Testing of the Conventional Kione Sandstones in the Near Vertical Borba 1-7 Well

Xstate Resources Limited (ASX:XST) signed an agreement to acquire oil and gas producing asset in Alberta and British Columbia from Blue Sky Resources Ltd. for CAD 1.3 million.

Xstate Resources Limited Announces Intersected a Further 30 Metre

Xstate Resources Limited Announces Borba Drilling Update

Xstate Resources Limited Announces Graham Drilling Rig 5 Spudded the Borba 1-7 Well in the Northern Sacramento Basin Onshore California

Interim MD exercised options and sold AU$75k worth of stock

Xstate Resources Limited Announces Borba Prospective Resource and Operations Update

Xstate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.

Xstate Resources Limited (ASX:XST) completed the acquisition of 10% working interest in oil and gas producing assets in Southern Alberta, Canada from Blue Sky Resources Ltd.

Xstate Resources Limited announced that it expects to receive AUD 4 million in funding

Xstate Resources Limited (ASX:XST) signed a term sheet to acquire 10% working interest in oil and gas producing assets in Southern Alberta, Canada for CAD 0.3 million.

Xstate Resources Limited (ASX:XST) agreed to acquire 15% stake in Red Earth Project in Northern Alberta, Canada from Blue Sky Resources Ltd. for CAD 0.5 million.

Xstate Resources Limited announced that it expects to receive AUD 0.562 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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