88 Energy Balance Sheet Health
Financial Health criteria checks 6/6
88 Energy has a total shareholder equity of A$155.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$156.5M and A$840.0K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$18.18m |
Equity | AU$155.69m |
Total liabilities | AU$840.04k |
Total assets | AU$156.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POQ's short term assets (A$22.2M) exceed its short term liabilities (A$840.0K).
Long Term Liabilities: POQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: POQ is debt free.
Reducing Debt: POQ has no debt compared to 5 years ago when its debt to equity ratio was 24.9%.
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: POQ has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: POQ is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.