United Oil & Gas Balance Sheet Health
Financial Health criteria checks 4/6
United Oil & Gas has a total shareholder equity of $27.8M and total debt of $1.7M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are $35.0M and $7.2M respectively. United Oil & Gas's EBIT is $5.6M making its interest coverage ratio -4.2. It has cash and short-term investments of $553.9K.
Key information
6.2%
Debt to equity ratio
US$1.73m
Debt
| Interest coverage ratio | -4.2x |
| Cash | US$553.92k |
| Equity | US$27.77m |
| Total liabilities | US$7.20m |
| Total assets | US$34.97m |
Recent financial health updates
Here's Why United Oil & Gas (LON:UOG) Has A Meaningful Debt Burden
Nov 11
United Oil & Gas (LON:UOG) Seems To Use Debt Rather Sparingly
Oct 02These 4 Measures Indicate That United Oil & Gas (LON:UOG) Is Using Debt Reasonably Well
May 24Recent updates
Investors Give United Oil & Gas Plc (LON:UOG) Shares A 29% Hiding
Feb 16Market Cool On United Oil & Gas Plc's (LON:UOG) Revenues Pushing Shares 39% Lower
Dec 19Here's Why United Oil & Gas (LON:UOG) Has A Meaningful Debt Burden
Nov 11Calculating The Fair Value Of United Oil & Gas Plc (LON:UOG)
Sep 02If EPS Growth Is Important To You, United Oil & Gas (LON:UOG) Presents An Opportunity
Apr 12United Oil & Gas (LON:UOG) Seems To Use Debt Rather Sparingly
Oct 02These 4 Measures Indicate That United Oil & Gas (LON:UOG) Is Using Debt Reasonably Well
May 24Earnings Not Telling The Story For United Oil & Gas Plc (LON:UOG)
Nov 04We Think United Oil & Gas' (LON:UOG) Solid Earnings Are Understated
Oct 05Is United Oil & Gas' (LON:UOG) 258% Share Price Increase Well Justified?
Mar 12Financial Position Analysis
Short Term Liabilities: UOG's short term assets ($4.7M) do not cover its short term liabilities ($6.9M).
Long Term Liabilities: UOG's short term assets ($4.7M) exceed its long term liabilities ($256.6K).
Debt to Equity History and Analysis
Debt Level: UOG's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: UOG's debt to equity ratio has increased from 0% to 6.2% over the past 5 years.
Debt Coverage: UOG's debt is well covered by operating cash flow (471.5%).
Interest Coverage: UOG earns more interest than it pays, so coverage of interest payments is not a concern.