Zion Oil & Gas Balance Sheet Health
Financial Health criteria checks 3/6
Zion Oil & Gas has a total shareholder equity of $22.0M and total debt of $432.0K, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are $25.2M and $3.2M respectively.
Key information
2.0%
Debt to equity ratio
US$432.00k
Debt
Interest coverage ratio | n/a |
Cash | US$615.00k |
Equity | US$22.02m |
Total liabilities | US$3.16m |
Total assets | US$25.18m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZNOG's short term assets ($2.3M) do not cover its short term liabilities ($2.6M).
Long Term Liabilities: ZNOG's short term assets ($2.3M) exceed its long term liabilities ($523.0K).
Debt to Equity History and Analysis
Debt Level: ZNOG has more cash than its total debt.
Reducing Debt: ZNOG's debt to equity ratio has reduced from 43.1% to 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: ZNOG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ZNOG has less than a year of cash runway if free cash flow continues to grow at historical rates of 0% each year.