Permex Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Permex Petroleum has a total shareholder equity of $5.3M and total debt of $1.5M, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are $11.0M and $5.7M respectively.
Key information
28.6%
Debt to equity ratio
US$1.53m
Debt
| Interest coverage ratio | n/a |
| Cash | US$428.39k |
| Equity | US$5.33m |
| Total liabilities | US$5.70m |
| Total assets | US$11.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 75P's short term assets ($549.9K) do not cover its short term liabilities ($5.4M).
Long Term Liabilities: 75P's short term assets ($549.9K) exceed its long term liabilities ($318.3K).
Debt to Equity History and Analysis
Debt Level: 75P's net debt to equity ratio (20.6%) is considered satisfactory.
Reducing Debt: 75P's debt to equity ratio has increased from 0% to 28.6% over the past 5 years.
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: 75P has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 75P is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.