Admiralty Resources Balance Sheet Health
Financial Health criteria checks 2/6
Admiralty Resources has a total shareholder equity of A$6.5M and total debt of A$16.0M, which brings its debt-to-equity ratio to 244.6%. Its total assets and total liabilities are A$23.1M and A$16.6M respectively.
Key information
244.6%
Debt to equity ratio
AU$15.98m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$110.20k |
| Equity | AU$6.53m |
| Total liabilities | AU$16.56m |
| Total assets | AU$23.10m |
Recent financial health updates
Health Check: How Prudently Does Admiralty Resources (ASX:ADY) Use Debt?
Oct 05
Is Admiralty Resources (ASX:ADY) Using Debt In A Risky Way?
Oct 13Is Admiralty Resources (ASX:ADY) Weighed On By Its Debt Load?
Mar 21We Think Admiralty Resources (ASX:ADY) Has A Fair Chunk Of Debt
Mar 31We Think Admiralty Resources (ASX:ADY) Is Taking Some Risk With Its Debt
Mar 17Recent updates
Health Check: How Prudently Does Admiralty Resources (ASX:ADY) Use Debt?
Oct 05Is Admiralty Resources (ASX:ADY) Using Debt In A Risky Way?
Oct 13Is Admiralty Resources (ASX:ADY) Weighed On By Its Debt Load?
Mar 21We Think Admiralty Resources (ASX:ADY) Has A Fair Chunk Of Debt
Mar 31We Think Admiralty Resources (ASX:ADY) Is Taking Some Risk With Its Debt
Mar 17Financial Position Analysis
Short Term Liabilities: ADY's short term assets (A$163.1K) do not cover its short term liabilities (A$2.6M).
Long Term Liabilities: ADY's short term assets (A$163.1K) do not cover its long term liabilities (A$14.0M).
Debt to Equity History and Analysis
Debt Level: ADY's net debt to equity ratio (242.9%) is considered high.
Reducing Debt: ADY's debt to equity ratio has increased from 65.6% to 244.6% 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: ADY has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.