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 ration/a
CashUK£952.00k
EquityUK£33.29m
Total liabilitiesUK£5.95m
Total assetsUK£39.24m

Recent financial health updates

Recent updates

Would UK Oil & Gas (LON:UKOG) Be Better Off With Less Debt?

Jul 28
Would UK Oil & Gas (LON:UKOG) Be Better Off With Less Debt?

Does UK Oil & Gas (LON:UKOG) Have A Healthy Balance Sheet?

Mar 30
Does UK Oil & Gas (LON:UKOG) Have A Healthy Balance Sheet?

UK Oil & Gas (LON:UKOG) Is Making Moderate Use Of Debt

Jul 04
UK Oil & Gas (LON:UKOG) Is Making Moderate Use Of Debt

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.


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