88 Energy Ltd - Asset Resilience Ratio

Latest as of December 2022: -0.33%

88 Energy Ltd (88E) has an Asset Resilience Ratio of -0.33% as of December 2022. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See 88 Energy Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Liquid Assets

AU$-442.80K
≈ $-313.31K USD Cash + Short-term Investments

Total Assets

AU$133.03 Million
≈ $94.12 Million USD All company assets

Resilience Assessment

Low
Financial Resilience Level

Asset Resilience Ratio Trend (2000–2023)

This chart shows how 88 Energy Ltd's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see 88 Energy Ltd assets under control.

Liquid Assets Composition Over Time

This chart breaks down 88 Energy Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Explore 88E strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.

Current Liquid Assets Breakdown

Component Amount % of Total Assets
Cash & Equivalents AU$0.00 0%
Short-term Investments AU$-442.80K -0.33%
Total Liquid Assets AU$-442.80K -0.33%

Asset Resilience Insights

  • Limited Liquidity: 88 Energy Ltd maintains only -0.33% of assets in liquid form.
  • This low level may indicate efficient asset utilization but could pose risks during economic downturns.
  • The company primarily holds liquidity in cash and equivalents rather than short-term investments.

88 Energy Ltd Industry Peers by Asset Resilience Ratio

Compare 88 Energy Ltd's asset resilience ratio with other companies in the same industry.

Company Industry Asset Resilience Ratio
Canadian Natural Resources Ltd
TO:CNQ
Oil & Gas E&P 0.13%
ARC Resources Ltd.
TO:ARX
Oil & Gas E&P 6.70%
MEG Energy Corp
TO:MEG
Oil & Gas E&P 0.00%
Vista Oil Gas ADR
NYSE:VIST
Oil & Gas E&P 5.26%
Magnolia Oil & Gas Corp
NYSE:MGY
Oil & Gas E&P 9.59%
Delek Group
TA:DLEKG
Oil & Gas E&P 0.62%
Peyto Exploration&Development Corp
TO:PEY
Oil & Gas E&P 1.27%
Baytex Energy Corp
TO:BTE
Oil & Gas E&P 1.43%

Annual Asset Resilience Ratio for 88 Energy Ltd (2000–2023)

The table below shows the annual Asset Resilience Ratio data for 88 Energy Ltd.

Year Asset Resilience Ratio (%) Liquid Assets Total Assets Change
2023-12-31 0.00% AU$1.00
≈ $0.71
AU$156.53 Million
≈ $110.75 Million
+0.67pp
2022-12-31 -0.67% AU$-885.61K
≈ $-626.62K
AU$133.03 Million
≈ $94.12 Million
-20.09pp
2013-12-31 19.43% AU$3.41 Million
≈ $2.41 Million
AU$17.57 Million
≈ $12.43 Million
+3.20pp
2011-12-31 16.22% AU$982.65K
≈ $695.29K
AU$6.06 Million
≈ $4.29 Million
+16.13pp
2000-12-31 0.09% AU$8.00K
≈ $5.66K
AU$8.52 Million
≈ $6.03 Million
--
pp = percentage points

About 88 Energy Ltd

AU:88E Australia Oil & Gas E&P
Market Cap
$18.83 Million
AU$26.62 Million AUD
Market Cap Rank
#25407 Global
#1083 in Australia
Share Price
AU$0.02
Change (1 day)
+5.26%
52-Week Range
AU$0.02 - AU$0.04
All Time High
AU$0.07
About

88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. The company operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February… Read more