Jersey Oil and Gas Balance Sheet Health
Financial Health criteria checks 6/6
Jersey Oil and Gas has a total shareholder equity of £24.6M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £24.8M and £235.8K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£13.03m |
| Equity | UK£24.58m |
| Total liabilities | UK£235.80k |
| Total assets | UK£24.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPC1's short term assets (£13.3M) exceed its short term liabilities (£192.7K).
Long Term Liabilities: TPC1's short term assets (£13.3M) exceed its long term liabilities (£43.1K).
Debt to Equity History and Analysis
Debt Level: TPC1 is debt free.
Reducing Debt: TPC1 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: TPC1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TPC1 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 1% each year