Omega Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
Omega Oil & Gas has a total shareholder equity of A$38.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$42.3M and A$3.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$17.28m |
| Equity | AU$38.86m |
| Total liabilities | AU$3.41m |
| Total assets | AU$42.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OMA's short term assets (A$26.0M) exceed its short term liabilities (A$1.5M).
Long Term Liabilities: OMA's short term assets (A$26.0M) 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 2.2 years if free cash flow continues to reduce at historical rates of 43.4% each year.