CoJax Oil and Gas Balance Sheet Health
Financial Health criteria checks 5/6
CoJax Oil and Gas has a total shareholder equity of $3.1M and total debt of $134.1K, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are $4.4M and $1.3M respectively.
Key information
4.4%
Debt to equity ratio
US$134.08k
Debt
Interest coverage ratio | n/a |
Cash | US$75.91k |
Equity | US$3.07m |
Total liabilities | US$1.30m |
Total assets | US$4.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CJAX's short term assets ($281.2K) do not cover its short term liabilities ($1.2M).
Long Term Liabilities: CJAX's short term assets ($281.2K) exceed its long term liabilities ($126.2K).
Debt to Equity History and Analysis
Debt Level: CJAX's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: CJAX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 CJAX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CJAX is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.1% per year.