Anax Metals Balance Sheet Health
Financial Health criteria checks 3/6
Anax Metals has a total shareholder equity of A$18.6M and total debt of A$1.9M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are A$38.8M and A$20.2M respectively.
Key information
10.3%
Debt to equity ratio
AU$1.92m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.82m |
| Equity | AU$18.61m |
| Total liabilities | AU$20.21m |
| Total assets | AU$38.82m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ANX's short term assets (A$2.1M) do not cover its short term liabilities (A$7.8M).
Long Term Liabilities: ANX's short term assets (A$2.1M) do not cover its long term liabilities (A$12.4M).
Debt to Equity History and Analysis
Debt Level: ANX's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: ANX's debt to equity ratio has increased from 0% to 10.3% 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: ANX has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ANX is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.