29Metals Balance Sheet Health
Financial Health criteria checks 4/6
29Metals has a total shareholder equity of A$422.3M and total debt of A$217.2M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are A$981.2M and A$558.9M respectively.
Key information
51.4%
Debt to equity ratio
AU$217.21m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$174.36m |
| Equity | AU$422.34m |
| Total liabilities | AU$558.86m |
| Total assets | AU$981.21m |
Recent financial health updates
Recent updates
29Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12
Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12Be Wary Of 29Metals (ASX:29M) And Its Returns On Capital
Sep 07Financial Position Analysis
Short Term Liabilities: 29M's short term assets (A$306.7M) exceed its short term liabilities (A$260.5M).
Long Term Liabilities: 29M's short term assets (A$306.7M) exceed its long term liabilities (A$298.4M).
Debt to Equity History and Analysis
Debt Level: 29M's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 29M's debt to equity ratio has reduced 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: 29M has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 29M has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.