UK Oil & Gas Balance Sheet Health
Financial Health criteria checks 4/6
UK Oil & Gas has a total shareholder equity of £33.3M and total debt of £3.8M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are £39.2M and £5.9M respectively.
Key information
11.4%
Debt to equity ratio
UK£3.80m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£952.00k |
| Equity | UK£33.29m |
| Total liabilities | UK£5.95m |
| Total assets | UK£39.24m |
Financial Position Analysis
Short Term Liabilities: UKOG's short term assets (£1.5M) do not cover its short term liabilities (£4.5M).
Long Term Liabilities: UKOG's short term assets (£1.5M) exceed its long term liabilities (£1.4M).
Debt to Equity History and Analysis
Debt Level: UKOG's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: UKOG's debt to equity ratio has increased from 5.9% to 11.4% 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: UKOG has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: UKOG is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.