88 Energy Ltd
88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. It 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 2015. Th… Read more
88 Energy Ltd (88E) - Total Assets
Latest total assets as of June 2025: AU$122.30 Million AUD
Based on the latest financial reports, 88 Energy Ltd (88E) holds total assets worth AU$122.30 Million AUD as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
88 Energy Ltd - Total Assets Trend (2000–2024)
This chart illustrates how 88 Energy Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
88 Energy Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
88 Energy Ltd's total assets of AU$122.30 Million consist of 8.6% current assets and 91.4% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 4.8% |
| Accounts Receivable | AU$5.60 Million | 3.8% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$113.96 Million | 76.5% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2000–2024)
This chart illustrates how 88 Energy Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: 88 Energy Ltd's current assets represent 8.6% of total assets in 2024, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 4.8% of total assets in 2024, up from 0.3% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 43.0% in 2000.
- Asset Diversification: The largest asset category is property, plant & equipment at 76.5% of total assets.
88 Energy Ltd Competitors by Total Assets
Key competitors of 88 Energy Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
88 Energy Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - 88 Energy Ltd generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - 88 Energy Ltd is currently not profitable relative to its asset base.
88 Energy Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 18.49 | 8.51 | 1.44 |
| Quick Ratio | 18.49 | 12.63 | 1.78 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$10.44 Million | AU$ 13.47 Million | AU$ 2.93 Million |
88 Energy Ltd - Advanced Valuation Insights
This section examines the relationship between 88 Energy Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.23 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | -4.8% |
| Total Assets | AU$148.99 Million |
| Market Capitalization | $22.73 Million USD |
Valuation Analysis
Below Book Valuation: The market values 88 Energy Ltd's assets below their book value (0.15 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: 88 Energy Ltd's assets decreased by 4.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for 88 Energy Ltd (2000–2024)
The table below shows the annual total assets of 88 Energy Ltd from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | AU$148.99 Million | -4.81% |
| 2023-12-31 | AU$156.53 Million | +17.67% |
| 2022-12-31 | AU$133.03 Million | -8.75% |
| 2021-12-31 | AU$145.78 Million | +70.79% |
| 2020-12-31 | AU$85.36 Million | -8.78% |
| 2019-12-31 | AU$93.58 Million | -24.41% |
| 2018-12-31 | AU$123.80 Million | +51.79% |
| 2017-12-31 | AU$81.56 Million | +5.91% |
| 2016-12-31 | AU$77.01 Million | +111.11% |
| 2015-12-31 | AU$36.48 Million | +1993.37% |
| 2014-12-31 | AU$1.74 Million | -90.08% |
| 2013-12-31 | AU$17.57 Million | +5.64% |
| 2012-12-31 | AU$16.63 Million | +174.57% |
| 2011-12-31 | AU$6.06 Million | +59.92% |
| 2010-12-31 | AU$3.79 Million | +123.55% |
| 2009-12-31 | AU$1.69 Million | -33.71% |
| 2008-12-31 | AU$2.56 Million | -29.93% |
| 2007-12-31 | AU$3.65 Million | +61.25% |
| 2006-12-31 | AU$2.26 Million | +32.54% |
| 2005-12-31 | AU$1.71 Million | +266.31% |
| 2002-12-31 | AU$466.00K | -94.22% |
| 2001-12-31 | AU$8.06 Million | -5.47% |
| 2000-12-31 | AU$8.52 Million | -- |