New Age Exploration Balance Sheet Health
Financial Health criteria checks 6/6
New Age Exploration has a total shareholder equity of A$6.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.6M and A$332.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$2.57m |
Equity | AU$6.29m |
Total liabilities | AU$332.46k |
Total assets | AU$6.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAE's short term assets (A$2.7M) exceed its short term liabilities (A$332.5K).
Long Term Liabilities: NAE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NAE is debt free.
Reducing Debt: NAE 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: NAE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NAE has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 12.5% each year.