ADX Energy Balance Sheet Health
Financial Health criteria checks 4/6
ADX Energy has a total shareholder equity of A$15.7M and total debt of A$2.0M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are A$42.6M and A$26.9M respectively.
Key information
12.8%
Debt to equity ratio
AU$2.01m
Debt
Interest coverage ratio | n/a |
Cash | AU$8.01m |
Equity | AU$15.74m |
Total liabilities | AU$26.89m |
Total assets | AU$42.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADX's short term assets (A$13.7M) exceed its short term liabilities (A$6.1M).
Long Term Liabilities: ADX's short term assets (A$13.7M) do not cover its long term liabilities (A$20.8M).
Debt to Equity History and Analysis
Debt Level: ADX has more cash than its total debt.
Reducing Debt: ADX's debt to equity ratio has increased from 0% to 12.8% 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: ADX has sufficient cash runway for 12 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADX is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.