Carnaby Resources Balance Sheet Health
Financial Health criteria checks 4/6
Carnaby Resources has a total shareholder equity of A$26.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$29.9M and A$3.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$10.31m |
| Equity | AU$26.78m |
| Total liabilities | AU$3.07m |
| Total assets | AU$29.85m |
Financial Position Analysis
Short Term Liabilities: CNB's short term assets (A$10.8M) exceed its short term liabilities (A$2.6M).
Long Term Liabilities: CNB's short term assets (A$10.8M) exceed its long term liabilities (A$515.1K).
Debt to Equity History and Analysis
Debt Level: CNB is debt free.
Reducing Debt: CNB has not had any debt for past 5 years.
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: CNB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CNB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.8% each year