Union Jack Oil Balance Sheet Health
Financial Health criteria checks 6/6
Union Jack Oil has a total shareholder equity of £22.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £25.8M and £3.5M respectively. Union Jack Oil's EBIT is £2.1M making its interest coverage ratio -27.1. It has cash and short-term investments of £6.3M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -27.1x |
| Cash | UK£6.28m |
| Equity | UK£22.31m |
| Total liabilities | UK£3.46m |
| Total assets | UK£25.77m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: UJO's short term assets (£9.0M) exceed its short term liabilities (£1.1M).
Long Term Liabilities: UJO's short term assets (£9.0M) exceed its long term liabilities (£2.4M).
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.