Armada Metals Balance Sheet Health
Financial Health criteria checks 3/6
Armada Metals has a total shareholder equity of A$5.9M and total debt of A$9.3M, which brings its debt-to-equity ratio to 157.2%. Its total assets and total liabilities are A$16.0M and A$10.0M respectively.
Key information
157.2%
Debt to equity ratio
AU$9.30m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.86m |
Equity | AU$5.91m |
Total liabilities | AU$10.04m |
Total assets | AU$15.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AMM's short term assets (A$1.9M) do not cover its short term liabilities (A$10.0M).
Long Term Liabilities: AMM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AMM's net debt to equity ratio (125.8%) is considered high.
Reducing Debt: Insufficient data to determine if AMM's debt to equity ratio has reduced 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: AMM has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AMM is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.