Africa Oil Corp
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa… Read more
Africa Oil Corp - Asset Resilience Ratio
Africa Oil Corp (AOIFF) has an Asset Resilience Ratio of 0.38% as of June 2024. 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.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2011–2023)
This chart shows how Africa Oil Corp's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Africa Oil Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $3.50 Million | 0.38% |
| Total Liquid Assets | $3.50 Million | 0.38% |
Asset Resilience Insights
- Limited Liquidity: Africa Oil Corp maintains only 0.38% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Africa Oil Corp Industry Peers by Asset Resilience Ratio
Compare Africa Oil Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF |
Oil & Gas E&P | 0.18% |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968 |
Oil & Gas E&P | 0.01% |
|
Oriental Energy Co Ltd
SHE:002221 |
Oil & Gas E&P | -3.13% |
|
P/F Atlantic Petroleum
CO:ATLA-DKK |
Oil & Gas E&P | 1.46% |
|
Hibiscus Petroleum BHD
KLSE:5199 |
Oil & Gas E&P | -5.94% |
|
Reach Energy Bhd
KLSE:5256 |
Oil & Gas E&P | 0.15% |
|
Geo-Jade Petroleum Corp
SHG:600759 |
Oil & Gas E&P | 0.01% |
|
Shandong Xinchao Energy Co Ltd
SHG:600777 |
Oil & Gas E&P | 8.49% |
Annual Asset Resilience Ratio for Africa Oil Corp (2011–2023)
The table below shows the annual Asset Resilience Ratio data for Africa Oil Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.09% | $832.57K | $966.20 Million | -- |
| 2018-12-31 | 0.00% | $0.00 | $953.91 Million | -- |
| 2017-12-31 | 0.00% | $0.00 | $1.01 Billion | -- |
| 2016-12-31 | 0.00% | $0.00 | $1.01 Billion | -- |
| 2015-12-31 | 0.00% | $0.00 | $1.10 Billion | -- |
| 2011-12-31 | 0.86% | $2.61 Million | $304.11 Million | -- |