Jersey Oil and Gas Balance Sheet Health
Financial Health criteria checks 6/6
Jersey Oil and Gas has a total shareholder equity of £26.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £27.5M and £867.4K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£10.48m |
| Equity | UK£26.66m |
| Total liabilities | UK£867.39k |
| Total assets | UK£27.53m |
Recent financial health updates
We're Not Very Worried About Jersey Oil and Gas' (LON:JOG) Cash Burn Rate
May 22
Here's Why We're Not Too Worried About Jersey Oil and Gas' (LON:JOG) Cash Burn Situation
Nov 18Will Jersey Oil and Gas (LON:JOG) Spend Its Cash Wisely?
Jul 31Here's Why We're Watching Jersey Oil and Gas' (LON:JOG) Cash Burn Situation
Dec 15Recent updates
We're Not Very Worried About Jersey Oil and Gas' (LON:JOG) Cash Burn Rate
May 22Here's Why We're Not Too Worried About Jersey Oil and Gas' (LON:JOG) Cash Burn Situation
Nov 18Will Jersey Oil and Gas (LON:JOG) Spend Its Cash Wisely?
Jul 31Here's Why We're Watching Jersey Oil and Gas' (LON:JOG) Cash Burn Situation
Dec 15Financial Position Analysis
Short Term Liabilities: JOG's short term assets (£11.0M) exceed its short term liabilities (£796.1K).
Long Term Liabilities: JOG's short term assets (£11.0M) exceed its long term liabilities (£71.3K).
Debt to Equity History and Analysis
Debt Level: JOG is debt free.
Reducing Debt: JOG 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: JOG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: JOG has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 10% each year.