CGX Energy Balance Sheet Health
Financial Health criteria checks 3/6
CGX Energy has a total shareholder equity of $62.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $81.3M and $19.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.58m |
| Equity | US$61.99m |
| Total liabilities | US$19.27m |
| Total assets | US$81.26m |
Recent financial health updates
Can CGX Energy (CVE:OYL) Afford To Invest In Growth?
Oct 17
We're Keeping An Eye On CGX Energy's (CVE:OYL) Cash Burn Rate
Jul 04We're Hopeful That CGX Energy (CVE:OYL) Will Use Its Cash Wisely
Mar 13CGX Energy (CVE:OYL) Is In A Strong Position To Grow Its Business
Aug 16We Think CGX Energy (CVE:OYL) Has A Fair Chunk Of Debt
Dec 26Is CGX Energy (CVE:OYL) Using Too Much Debt?
Sep 01Recent updates
Can CGX Energy (CVE:OYL) Afford To Invest In Growth?
Oct 17We're Keeping An Eye On CGX Energy's (CVE:OYL) Cash Burn Rate
Jul 04We're Hopeful That CGX Energy (CVE:OYL) Will Use Its Cash Wisely
Mar 13CGX Energy (CVE:OYL) Is In A Strong Position To Grow Its Business
Aug 16We Think CGX Energy (CVE:OYL) Has A Fair Chunk Of Debt
Dec 26Is CGX Energy (CVE:OYL) Using Too Much Debt?
Sep 01Auditors Have Doubts About CGX Energy (CVE:OYL)
Mar 10CGX Energy (CVE:OYL) Is Carrying A Fair Bit Of Debt
Dec 13Is CGX Energy (CVE:OYL) A Risky Investment?
Sep 04Financial Position Analysis
Short Term Liabilities: OYL's short term assets ($4.8M) do not cover its short term liabilities ($19.0M).
Long Term Liabilities: OYL's short term assets ($4.8M) exceed its long term liabilities ($276.0K).
Debt to Equity History and Analysis
Debt Level: OYL is debt free.
Reducing Debt: OYL has no debt compared to 5 years ago when its debt to equity ratio was 76.3%.
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: OYL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: OYL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.7% each year