Florin Mining Investment Balance Sheet Health
Financial Health criteria checks 5/6
Florin Mining Investment has a total shareholder equity of A$2.7M and total debt of A$56.1K, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are A$3.0M and A$386.4K respectively.
Key information
2.1%
Debt to equity ratio
AU$56.06k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$167.39k |
| Equity | AU$2.65m |
| Total liabilities | AU$386.39k |
| Total assets | AU$3.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMI's short term assets (A$174.5K) exceed its short term liabilities (A$103.1K).
Long Term Liabilities: FMI's short term assets (A$174.5K) do not cover its long term liabilities (A$283.3K).
Debt to Equity History and Analysis
Debt Level: FMI has more cash than its total debt.
Reducing Debt: FMI's debt to equity ratio has reduced from 2.3% to 2.1% over the 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: FMI has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FMI has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 0.8% each year