Union Jack Oil Balance Sheet Health

Financial Health criteria checks 6/6

Union Jack Oil has a total shareholder equity of £22.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £24.4M and £2.1M respectively. Union Jack Oil's EBIT is £1.0M making its interest coverage ratio -5.8. It has cash and short-term investments of £3.1M.

Key information

0%

Debt to equity ratio

UK£0

Debt

Interest coverage ratio-5.8x
CashUK£3.15m
EquityUK£22.28m
Total liabilitiesUK£2.14m
Total assetsUK£24.43m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 1UJ0's short term assets (£5.2M) exceed its short term liabilities (£489.2K).

Long Term Liabilities: 1UJ0's short term assets (£5.2M) exceed its long term liabilities (£1.7M).


Debt to Equity History and Analysis

Debt Level: 1UJ0 is debt free.

Reducing Debt: 1UJ0 has not had any debt for past 5 years.

Debt Coverage: 1UJ0 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1UJ0 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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