Hydrocarbon Dynamics Balance Sheet Health

Financial Health criteria checks 5/6

Hydrocarbon Dynamics has a total shareholder equity of A$776.1K and total debt of A$50.5K, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are A$942.9K and A$166.8K respectively.

Key information

6.5%

Debt to equity ratio

AU$50.46k

Debt

Interest coverage ratio	n/a
Cash	AU$569.49k
Equity	AU$776.06k
Total liabilities	AU$166.81k
Total assets	AU$942.87k

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: HCD's short term assets (A$936.1K) exceed its short term liabilities (A$166.8K).

Long Term Liabilities: HCD has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: HCD has more cash than its total debt.

Reducing Debt: HCD's debt to equity ratio has increased from 0.8% to 6.5% 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: HCD has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: HCD is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.

Hydrocarbon Dynamics Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.004 loss in 1H 2023)

New major risk - Financial position

Hydrocarbon Dynamics Limited, Annual General Meeting, May 29, 2024

Full year 2023 earnings released: AU$0.006 loss per share (vs AU$0.003 loss in FY 2022)

Insufficient new directors

Hydrocarbon Dynamics Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175124 million.

Insufficient new directors

Hydrocarbon Dynamics Limited has filed a Follow-on Equity Offering in the amount of AUD 0.877 million.

Hydrocarbon Dynamics Limited has completed a Follow-on Equity Offering in the amount of AUD 0.54 million.

Insufficient new directors

First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.002 loss in 1H 2022)

Insufficient new directors

Insufficient new directors

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.008 loss in FY 2021)

Less than half of directors are independent

Less than half of directors are independent

Insider recently sold AU$96k worth of stock

Less than half of directors are independent

Full year 2021 earnings released: AU$0.008 loss per share (vs AU$0.006 loss in FY 2020)

First half 2021 earnings released: AU$0.007 loss per share (vs AU$0.004 loss in 1H 2020)

Valkor LLC entered into an agreement to acquire interests in the Utah oil sands project from Hydrocarbon Dynamics Limited (ASX:HCD) for $0.5 million.

Independent Non-Executive Director Andrew Seaton has left the company

Full year 2020 earnings released: AU$0.006 loss per share (vs AU$0.013 loss in FY 2019)

Hydrocarbon Dynamics Limited has completed a Follow-on Equity Offering in the amount of AUD 1.387583 million.

Hydrocarbon Dynamics Limited Receives A Repeat Order from One of its New Distributors in Western Canada Associated with A Trial in Alberta

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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