Admiralty Resources Balance Sheet Health
Financial Health criteria checks 2/6
Admiralty Resources has a total shareholder equity of A$5.9M and total debt of A$16.2M, which brings its debt-to-equity ratio to 273.9%. Its total assets and total liabilities are A$30.2M and A$24.3M respectively.
Key information
273.9%
Debt to equity ratio
AU$16.20m
Debt
Interest coverage ratio | n/a |
Cash | AU$998.23k |
Equity | AU$5.91m |
Total liabilities | AU$24.30m |
Total assets | AU$30.21m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ADY's short term assets (A$1.0M) do not cover its short term liabilities (A$10.1M).
Long Term Liabilities: ADY's short term assets (A$1.0M) do not cover its long term liabilities (A$14.2M).
Debt to Equity History and Analysis
Debt Level: ADY's net debt to equity ratio (257.1%) is considered high.
Reducing Debt: ADY's debt to equity ratio has increased from 37.6% to 273.9% 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 2 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.