State Gas Balance Sheet Health
Financial Health criteria checks 3/6
State Gas has a total shareholder equity of A$40.3M and total debt of A$2.1M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are A$48.3M and A$8.0M respectively.
Key information
5.3%
Debt to equity ratio
AU$2.14m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$31.75k |
| Equity | AU$40.32m |
| Total liabilities | AU$8.01m |
| Total assets | AU$48.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GAS's short term assets (A$196.1K) do not cover its short term liabilities (A$4.9M).
Long Term Liabilities: GAS's short term assets (A$196.1K) do not cover its long term liabilities (A$3.1M).
Debt to Equity History and Analysis
Debt Level: GAS's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: GAS's debt to equity ratio has increased from 0% to 5.3% 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: GAS has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GAS is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.