Sable Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Sable Offshore has a total shareholder equity of $264.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.3B and $1.0B respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$209.10m |
Equity | US$264.58m |
Total liabilities | US$1.03b |
Total assets | US$1.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SOC's short term assets ($229.1M) exceed its short term liabilities ($81.8M).
Long Term Liabilities: SOC's short term assets ($229.1M) do not cover its long term liabilities ($949.5M).
Debt to Equity History and Analysis
Debt Level: SOC is debt free.
Reducing Debt: SOC had no debt 5 years ago.
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: SOC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SOC has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 114.8% each year.