Accent Resources Balance Sheet Health
Financial Health criteria checks 4/6
Accent Resources has a total shareholder equity of A$2.2M and total debt of A$16.1M, which brings its debt-to-equity ratio to 730.9%. Its total assets and total liabilities are A$19.1M and A$16.9M respectively.
Key information
730.9%
Debt to equity ratio
AU$16.14m
Debt
Interest coverage ratio | n/a |
Cash | AU$8.06m |
Equity | AU$2.21m |
Total liabilities | AU$16.90m |
Total assets | AU$19.10m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ACS's short term assets (A$8.1M) do not cover its short term liabilities (A$9.0M).
Long Term Liabilities: ACS's short term assets (A$8.1M) exceed its long term liabilities (A$7.9M).
Debt to Equity History and Analysis
Debt Level: ACS's net debt to equity ratio (366.1%) is considered high.
Reducing Debt: ACS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: ACS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ACS has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 26.6% each year.