Abraxas Petroleum Balance Sheet Health
Financial Health criteria checks 6/6
Abraxas Petroleum has a total shareholder equity of $61.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $70.5M and $9.4M respectively. Abraxas Petroleum's EBIT is $15.7M making its interest coverage ratio 211.9. It has cash and short-term investments of $2.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 211.9x |
| Cash | US$2.88m |
| Equity | US$61.14m |
| Total liabilities | US$9.41m |
| Total assets | US$70.55m |
Recent financial health updates
Recent updates
It Looks Like Abraxas Petroleum Corporation's (NASDAQ:AXAS) CEO May Expect Their Salary To Be Put Under The Microscope
Jul 07
Abraxas Petroleum: Remains In A State Of Limbo
Jun 16Abraxas Petroleum Looks To Be Headed Towards Restructuring
May 02News Flash: Analysts Just Made A Substantial Upgrade To Their Abraxas Petroleum Corporation (NASDAQ:AXAS) Forecasts
Jan 26Financial Position Analysis
Short Term Liabilities: AXAS's short term assets ($11.2M) exceed its short term liabilities ($6.4M).
Long Term Liabilities: AXAS's short term assets ($11.2M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: AXAS is debt free.
Reducing Debt: AXAS has no debt compared to 5 years ago when its debt to equity ratio was 82.4%.
Debt Coverage: AXAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AXAS has no debt, therefore coverage of interest payments is not a concern.