Red Sky Energy Balance Sheet Health

Financial Health criteria checks 6/6

Red Sky Energy has a total shareholder equity of A$7.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$8.5M and A$1.4M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$3.33m
Equity	AU$7.03m
Total liabilities	AU$1.45m
Total assets	AU$8.48m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ROG's short term assets (A$3.5M) exceed its short term liabilities (A$596.5K).

Long Term Liabilities: ROG's short term assets (A$3.5M) exceed its long term liabilities (A$849.8K).

Debt to Equity History and Analysis

Debt Level: ROG is debt free.

Reducing Debt: ROG has no debt compared to 5 years ago when its debt to equity ratio was 131.2%.

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 ROG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ROG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 14.6% per year.

Red Sky Energy Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Red Sky Energy Ordinary Shares Deleted from Other OTC

Recent updates

Red Sky Energy Limited, Annual General Meeting, May 31, 2024

New major risk - Financial position

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Red Sky Energy Limited Announces Innamincka - Yarrow 3 Moves to Production

Red Sky Energy Limited Provides an Update on Yarrow 3 Well

Red Sky Energy Limited Announces Completion of Innamincka - Yarrow 3 Well Fraccing

Red Sky Energy Limited Advises Planned Fraccing, Post the Completion of the Drilling of and Receipt of Results for the Yarrow 3 Well At the Innamincka Dome Licenses

No independent directors

Red Sky Energy Provides Update on Completion of the Drilling of and Receipt of Results for the Yarrow 3 Well at the Innamincka Dome Licenses

Red Sky Energy Limited Provides Update on Completion of the Drilling of the Yarrow 3 Well at the Innamincka Dome Licenses

Red Sky Energy Limited Provides an Update on Yarrow 3 Well at the Innamincka Dome Licenses

Red Sky Energy Limited Updates on the Current Progress with the Yarrow Well At the Innamincka Projects (Innamincka)

Red Sky Energy Limited Commences Innamincka Yarrow 3 Gas Well Drilling

First half 2022 earnings released: EPS: AU$0 (vs AU$0 in 1H 2021)

Red Sky Energy Ordinary Shares Deleted from Other OTC

No independent directors

Red Sky Energy Limited Commences Killanoola PRL13 Seismic Survey

Red Sky Energy Limited Completes Production Testing Killanoola-1 DW-1 Completed

Red Sky Energy announces Successful Production Testing - Killanoola-1 DW-1

Red Sky Energy Limited Receives SA Govt Approval to Commence Slickline Operations at Killanoola SE-1 PRL13 South Australia

Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8422 million.

Red Sky Energy Limited announced that it has received AUD 3.21424 million in funding

Red Sky Energy Limited announced that it expects to receive AUD 3 million in funding

Red Sky Energy Limited Announces Successful Inspection of Pump at Killanoola

Red Sky Energy Identifies Additional Net Pay of 37 Metres At Killanoola

Red Sky Energy Limited Appoints Mr. Robert (Rob) Annells as its New Non-Executive Chairman

Red Sky Energy Limited announced that it expects to receive AUD 1.1 million in funding

Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.971478 million.

Red Sky Energy Limited Provides Santos Innamincka Project Update

Red Sky Energy Limited (ASX:ROG) entered into a binding sale and purchase agreement to acquire South Australian Petroleum Retention Licence 13, which contains the Killanoola oilfield from Beach Energy Limited (ASX:BPT) for AUD 1.

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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