29Metals Balance Sheet Health
Financial Health criteria checks 4/6
29Metals has a total shareholder equity of A$419.3M and total debt of A$262.1M, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are A$1.0B and A$618.8M respectively.
Key information
62.52%
Debt to equity ratio
AU$262.13m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$266.15m |
| Equity | AU$419.28m |
| Total liabilities | AU$618.80m |
| Total assets | AU$1.04b |
Recent financial health updates
Is 29Metals (ASX:29M) Using Too Much Debt?
Apr 06
Is 29Metals (ASX:29M) Using Debt In A Risky Way?
Oct 23Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Recent updates
29Metals Limited's (ASX:29M) Shares Bounce 41% But Its Business Still Trails The Industry
May 23Why Investors Shouldn't Be Surprised By 29Metals Limited's (ASX:29M) 34% Share Price Plunge
Apr 08Is 29Metals (ASX:29M) Using Too Much Debt?
Apr 06
Development Of Gossan Valley Will Expand Future Production Capacity
Strategic resource expansion projects at Gossan Valley and Golden Grove aim to enhance production flexibility and long-term revenue growth through high-grade ore development.Is 29Metals (ASX:29M) Using Debt In A Risky Way?
Oct 23There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding
Jul 1929Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12Is 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 12Financial Position Analysis
Short Term Liabilities: 29M's short term assets (A$358.0M) exceed its short term liabilities (A$269.5M).
Long Term Liabilities: 29M's short term assets (A$358.0M) exceed its long term liabilities (A$349.3M).
Debt to Equity History and Analysis
Debt Level: 29M has more cash than its total debt.
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 3 years 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/30 17:34 |
| End of Day Share Price | 2025/05/30 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
29Metals Limited is covered by 24 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Wright | Barclay Pearce Capital Pty Limited |
| April Lowis | Barrenjoey Markets Pty Limited |
| Glyn Lawcock | Barrenjoey Markets Pty Limited |