United Oil & Gas Balance Sheet Health
Financial Health criteria checks 5/6
United Oil & Gas has a total shareholder equity of $6.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.5M and $2.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$755.25k |
| Equity | US$6.42m |
| Total liabilities | US$2.03m |
| Total assets | US$8.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1UO's short term assets ($1.6M) do not cover its short term liabilities ($1.8M).
Long Term Liabilities: 1UO's short term assets ($1.6M) exceed its long term liabilities ($252.4K).
Debt to Equity History and Analysis
Debt Level: 1UO is debt free.
Reducing Debt: 1UO 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: Whilst unprofitable 1UO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1UO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.1% per year.