Aspire Mining Balance Sheet Health
Financial Health criteria checks 6/6
Aspire Mining has a total shareholder equity of $45.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $45.2M and $212.5K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$15.99m |
| Equity | US$44.99m |
| Total liabilities | US$212.51k |
| Total assets | US$45.21m |
Recent financial health updates
We're Interested To See How Aspire Mining (ASX:AKM) Uses Its Cash Hoard To Grow
Jun 12
We're Not Very Worried About Aspire Mining's (ASX:AKM) Cash Burn Rate
Jan 19Here's Why We're Not Too Worried About Aspire Mining's (ASX:AKM) Cash Burn Situation
Oct 06We're Not Very Worried About Aspire Mining's (ASX:AKM) Cash Burn Rate
Jul 13Companies Like Aspire Mining (ASX:AKM) Are In A Position To Invest In Growth
Mar 23We Think Aspire Mining (ASX:AKM) Can Easily Afford To Drive Business Growth
Sep 07Recent updates
We're Interested To See How Aspire Mining (ASX:AKM) Uses Its Cash Hoard To Grow
Jun 12We're Not Very Worried About Aspire Mining's (ASX:AKM) Cash Burn Rate
Jan 19Here's Why We're Not Too Worried About Aspire Mining's (ASX:AKM) Cash Burn Situation
Oct 06We're Not Very Worried About Aspire Mining's (ASX:AKM) Cash Burn Rate
Jul 13Companies Like Aspire Mining (ASX:AKM) Are In A Position To Invest In Growth
Mar 23We Think Aspire Mining (ASX:AKM) Can Easily Afford To Drive Business Growth
Sep 07We're Interested To See How Aspire Mining (ASX:AKM) Uses Its Cash Hoard To Grow
May 25We're Hopeful That Aspire Mining (ASX:AKM) Will Use Its Cash Wisely
Feb 09Financial Position Analysis
Short Term Liabilities: AKM's short term assets ($17.9M) exceed its short term liabilities ($212.5K).
Long Term Liabilities: AKM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AKM is debt free.
Reducing Debt: AKM had no debt 5 years ago.
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: AKM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: AKM has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 6.3% each year.