Union Jack Oil Balance Sheet Health
Financial Health criteria checks 6/6
Union Jack Oil has a total shareholder equity of £21.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £24.2M and £2.3M respectively. Union Jack Oil's EBIT is £1.2M making its interest coverage ratio -8.8. It has cash and short-term investments of £6.2M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -8.8x |
| Cash | UK£6.20m |
| Equity | UK£21.90m |
| Total liabilities | UK£2.28m |
| Total assets | UK£24.18m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: UJO's short term assets (£6.7M) exceed its short term liabilities (£389.5K).
Long Term Liabilities: UJO's short term assets (£6.7M) exceed its long term liabilities (£1.9M).
Debt to Equity History and Analysis
Debt Level: UJO is debt free.
Reducing Debt: UJO has not had any debt for past 5 years.
Debt Coverage: UJO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UJO has no debt, therefore coverage of interest payments is not a concern.