Forza Petroleum Balance Sheet Health
Financial Health criteria checks 6/6
Forza Petroleum has a total shareholder equity of $196.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $314.5M and $117.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$69.95m |
| Equity | US$196.55m |
| Total liabilities | US$117.91m |
| Total assets | US$314.46m |
Recent financial health updates
No updates
Recent updates
Forza Petroleum (TSE:FORZ) Might Have The Makings Of A Multi-Bagger
Oct 01
We Like Forza Petroleum's (TSE:FORZ) Returns And Here's How They're Trending
Jul 03Forza Petroleum Limited's (TSE:FORZ) Shares Bounce 35% But Its Business Still Trails The Market
Mar 08Forza Petroleum (TSE:FORZ) Is Looking To Continue Growing Its Returns On Capital
Jan 16Forza Petroleum (TSE:FORZ) Is Experiencing Growth In Returns On Capital
Sep 28Financial Position Analysis
Short Term Liabilities: FORZ's short term assets ($137.9M) exceed its short term liabilities ($98.7M).
Long Term Liabilities: FORZ's short term assets ($137.9M) exceed its long term liabilities ($19.2M).
Debt to Equity History and Analysis
Debt Level: FORZ is debt free.
Reducing Debt: FORZ has no debt compared to 5 years ago when its debt to equity ratio was 14.4%.
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 FORZ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FORZ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.6% per year.