Accent Resources Balance Sheet Health
Financial Health criteria checks 3/6
Accent Resources has a total shareholder equity of A$1.8M and total debt of A$19.2M, which brings its debt-to-equity ratio to 1064.2%. Its total assets and total liabilities are A$22.2M and A$20.4M respectively.
Key information
1,064.2%
Debt to equity ratio
AU$19.19m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.29m |
| Equity | AU$1.80m |
| Total liabilities | AU$20.42m |
| Total assets | AU$22.22m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ACS's short term assets (A$9.3M) do not cover its short term liabilities (A$10.2M).
Long Term Liabilities: ACS's short term assets (A$9.3M) do not cover its long term liabilities (A$10.2M).
Debt to Equity History and Analysis
Debt Level: ACS's net debt to equity ratio (549%) 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 2.6 years if free cash flow continues to reduce at historical rates of 23% each year.