CoJax Oil and Gas Balance Sheet Health
Financial Health criteria checks 5/6
CoJax Oil and Gas has a total shareholder equity of $9.7M and total debt of $126.6K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are $11.3M and $1.6M respectively.
Key information
1.3%
Debt to equity ratio
US$126.60k
Debt
| Interest coverage ratio | n/a |
| Cash | US$127.65k |
| Equity | US$9.70m |
| Total liabilities | US$1.64m |
| Total assets | US$11.35m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CJAX's short term assets ($316.5K) do not cover its short term liabilities ($1.4M).
Long Term Liabilities: CJAX's short term assets ($316.5K) exceed its long term liabilities ($267.9K).
Debt to Equity History and Analysis
Debt Level: CJAX has more cash than its total debt.
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, due to free cash flow being positive and growing by 15.6% per year.