Permex Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Permex Petroleum has a total shareholder equity of $7.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.7M and $3.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$764.39k |
Equity | US$7.82m |
Total liabilities | US$3.86m |
Total assets | US$11.68m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OIL's short term assets ($997.4K) do not cover its short term liabilities ($3.5M).
Long Term Liabilities: OIL's short term assets ($997.4K) exceed its long term liabilities ($357.4K).
Debt to Equity History and Analysis
Debt Level: OIL is debt free.
Reducing Debt: OIL 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: Insufficient data to determine if OIL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if OIL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.