Indonesia Energy Corp Ltd
INDO · Crude Petroleum & Natural Gas · EDGAR filings ↗
Grade
F38Sub-scale Indonesian oil explodrer that is effectively out of cash with deeply negative margins.
Strengths
- High headline current/quick ratio (5.1, 94th pct)
- Amended KSO improved profit split and extended Kruh Block to 2035; Citarum upside optionality
Risks
- Zero cash (2.5th pct) and cash runway of ~0 quarters; net margin -253% and operating margin -227%
- Negative ROE (-26%) and ROA (-22%) with revenue down 25% and repeated drilling delays
Notable findings
- Net lossNet loss (net margin -253.2%)
- Cash burnNegative free cash flow (-5.5M)
- Revenue declineRevenue -24.6% YoY
Key metrics
Operating margin
-227.5%
Net margin
-253.2%
Return on equity
-25.9%
Return on assets
-22.4%
Revenue growth (QoQ)
-24.6%
Current ratio
5.1×
Free cash flow
-$5M
EBITDA
-$4M
Tangible book value
$20M
Cash & investments
$0
Cash runway
0q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-29 | 2025-12-31 | 0001493152-26-019641 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001641172-25-006716 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001493152-24-016612 ↗ |
| 20-F | 2023-05-01 | 2022-12-31 | 0001493152-23-015007 ↗ |
| 20-F | 2022-05-02 | 2021-12-31 | 0001493152-22-011670 ↗ |
| 20-F | 2021-05-18 | 2020-12-31 | 0001493152-21-012001 ↗ |
| 20-F | 2020-06-15 | 2019-12-31 | 0001104659-20-073026 ↗ |