Australis Oil & Gas Balance Sheet Health
Financial Health criteria checks 4/6
Australis Oil & Gas has a total shareholder equity of $48.6M and total debt of $11.3M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are $70.4M and $21.7M respectively.
Key information
23.2%
Debt to equity ratio
US$11.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.70m |
| Equity | US$48.62m |
| Total liabilities | US$21.73m |
| Total assets | US$70.35m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: ASTT.F's short term assets ($11.1M) do not cover its short term liabilities ($12.2M).
Long Term Liabilities: ASTT.F's short term assets ($11.1M) exceed its long term liabilities ($9.6M).
Debt to Equity History and Analysis
Debt Level: ASTT.F's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: ASTT.F's debt to equity ratio has increased from 10.1% to 23.2% 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: Whilst unprofitable ASTT.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASTT.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49% per year.