ABx Group Balance Sheet Health

Financial Health criteria checks 4/6

ABx Group has a total shareholder equity of A$12.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$21.6M and A$8.9M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$336.00k
Equity	AU$12.73m
Total liabilities	AU$8.91m
Total assets	AU$21.64m

Recent financial health updates

Recent updates

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

Jan 24

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

Sep 27

We Think ABx Group (ASX:ABX) Can Afford To Drive Business Growth

Jun 06

We're Hopeful That ABx Group (ASX:ABX) Will Use Its Cash Wisely

Feb 10

Financial Position Analysis

Short Term Liabilities: ABX's short term assets (A$2.4M) do not cover its short term liabilities (A$3.1M).

Long Term Liabilities: ABX's short term assets (A$2.4M) do not cover its long term liabilities (A$5.8M).

Debt to Equity History and Analysis

Debt Level: ABX is debt free.

Reducing Debt: ABX has not had any debt for 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: Whilst unprofitable ABX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ABX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.4% per year.

ABx Group Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

ABx Group Limited Ordinary Shares to Be Deleted from OTC Equity

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

We Think ABx Group (ASX:ABX) Can Afford To Drive Business Growth

We're Hopeful That ABx Group (ASX:ABX) Will Use Its Cash Wisely

Recent updates

Full year 2023 earnings released: AU$0.007 loss per share (vs AU$0.016 loss in FY 2022)

ABx Group Limited, Annual General Meeting, May 29, 2024

New minor risk - Financial data availability

New major risk - Market cap size

Abx Group Limited Announces Resignation of Francis Choy as Chief Financial Officer

ABx Group Limited Provides Administrative Update on Director Status Omission

ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.572 million.

ABx Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

ABx Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

ABx Group Limited Ordinary Shares to Be Deleted from OTC Equity

New minor risk - Shareholder dilution

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.004 loss in 1H 2022)

ABx Group Limited Provides an Update on Deep Leads and Rubble Mound Deposits in Northern Tasmania

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

Abx Group Limited Commences Its Drilling Campaign Ahead of Schedule At Its Deep Leads and Rubble Mound Rare Earth Element Discoveries in Northern Tasmania

ABx Group Delivers Maiden REE Resource Estimate for Deep Leads Rubble Mound Channel

Insufficient new directors

ABx Group Limited Announces Commencement of Its 3rd Drilling Campaign to Test a 6.5Km Mineralized Corridor Connecting the Deep Leads and Rubble Mound Rare Earth Discoveries, in Northern Tasmania

Will ABx Group (ASX:ABX) Spend Its Cash Wisely?

ABx Group Limited Provides Assay Results Which Confirm A 6.5Km Mineralised Channel Connecting the Deep Leads and Rubble Mound Rare Earth Discoveries, Located in Northern Tasmania

ABx Group Limited Receives Assays from Most of Its Winter Drilling Campaign

ABx Group Limited Receives Assays from Most of Its Winter Drilling Campaign

First half 2022 earnings released: AU$0.004 loss per share (vs AU$0.006 loss in 1H 2021)

Abx Group Limited Appoints Mark Cooksey as Managing Director

ABx Group Limited Receives an Initial Batch of Assays from Exploration Drilling for Rare Earth Element (REE) at Deep Leads Deposit, Northern Tasmania

We Think ABx Group (ASX:ABX) Can Afford To Drive Business Growth

ABx Group Limited Receives Its First 12 Desorption Test Results on Rare Earth Element (REE) Samples from Its Deep Leads Deposit in Northern Tasmania

Insufficient new directors

ABx Group Limited, Annual General Meeting, May 25, 2022

Full year 2021 earnings released: AU$0.032 loss per share (vs AU$0.004 loss in FY 2020)

ABx Group Limited Announces Rare Earth Elements Discoveries Hole Location Update

ABx Group Limited Announces New Rare Earth Discovery 52 Km from Deep Leads

We're Hopeful That ABx Group (ASX:ABX) Will Use Its Cash Wisely

Australian Bauxite Limited Reports Recent Assay Results from Its Deep Leads Rare Earth Element Discovery at the DL130 Bauxite Deposit in Northern Tasmania

Australian Bauxite Limited Reports Results from Leach Testing of Its Rare Earth Element Mineralization At the DL130 Bauxite-REE Project in Northern Tasmania

Australian Bauxite Limited Reports Rare Earth Element Results from Exploration at DL130 bauxite-REE Project in Northern Tasmania

Full year 2020 earnings released: AU$0.004 loss per share (vs AU$0.017 loss in FY 2019)

Australian Bauxite Limited Reports on Early Results from an Exploration Project

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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