Comet Ridge Balance Sheet Health
Financial Health criteria checks 3/6
Comet Ridge has a total shareholder equity of A$59.1M and total debt of A$7.4M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are A$108.9M and A$49.8M respectively.
Key information
12.6%
Debt to equity ratio
AU$7.45m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$7.77m |
| Equity | AU$59.14m |
| Total liabilities | AU$49.75m |
| Total assets | AU$108.89m |
Recent financial health updates
Is Comet Ridge (ASX:COI) Using Too Much Debt?
Nov 23
Is Comet Ridge (ASX:COI) Using Too Much Debt?
Mar 16We're Not Very Worried About Comet Ridge's (ASX:COI) Cash Burn Rate
Feb 02We're Hopeful That Comet Ridge (ASX:COI) Will Use Its Cash Wisely
Sep 29Recent updates
Is Comet Ridge (ASX:COI) Using Too Much Debt?
Nov 23Is Comet Ridge (ASX:COI) Using Too Much Debt?
Mar 16We're Not Very Worried About Comet Ridge's (ASX:COI) Cash Burn Rate
Feb 02We're Hopeful That Comet Ridge (ASX:COI) Will Use Its Cash Wisely
Sep 29How Much Is Comet Ridge's (ASX:COI) CEO Getting Paid?
Dec 31
Financial Position Analysis
Short Term Liabilities: COI's short term assets (A$9.5M) do not cover its short term liabilities (A$36.6M).
Long Term Liabilities: COI's short term assets (A$9.5M) do not cover its long term liabilities (A$13.2M).
Debt to Equity History and Analysis
Debt Level: COI has more cash than its total debt.
Reducing Debt: COI's debt to equity ratio has increased from 0% to 12.6% 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: COI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: COI has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 2.5% each year.