Jericho Energy Ventures Balance Sheet Health
Financial Health criteria checks 2/6
Jericho Energy Ventures has a total shareholder equity of $13.5M and total debt of $4.1M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are $19.2M and $5.7M respectively.
Key information
30.1%
Debt to equity ratio
US$4.05m
Debt
Interest coverage ratio | n/a |
Cash | US$709.82k |
Equity | US$13.47m |
Total liabilities | US$5.73m |
Total assets | US$19.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JLM's short term assets ($978.4K) do not cover its short term liabilities ($5.7M).
Long Term Liabilities: JLM's short term assets ($978.4K) exceed its long term liabilities ($29.8K).
Debt to Equity History and Analysis
Debt Level: JLM's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: JLM's debt to equity ratio has increased from 0% to 30.1% 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: JLM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: JLM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year