Adavale Resources Balance Sheet Health
Financial Health criteria checks 6/6
Adavale Resources has a total shareholder equity of A$288.2K and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$360.7K and A$72.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$280.30k |
| Equity | AU$288.17k |
| Total liabilities | AU$72.52k |
| Total assets | AU$360.69k |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ADD's short term assets (A$336.2K) exceed its short term liabilities (A$72.5K).
Long Term Liabilities: ADD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ADD is debt free.
Reducing Debt: ADD currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: ADD has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADD is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.