Austral Resources Australia Balance Sheet Health
Financial Health criteria checks 1/6
Austral Resources Australia has a total shareholder equity of A$-7.2M and total debt of A$58.8M, which brings its debt-to-equity ratio to -814.4%. Its total assets and total liabilities are A$141.1M and A$148.3M respectively. Austral Resources Australia's EBIT is A$14.5M making its interest coverage ratio 1.7. It has cash and short-term investments of A$2.4M.
Key information
-814.4%
Debt to equity ratio
AU$58.77m
Debt
| Interest coverage ratio | 1.7x |
| Cash | AU$2.43m |
| Equity | -AU$7.22m |
| Total liabilities | AU$148.29m |
| Total assets | AU$141.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AR1 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AR1 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AR1 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AR1's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AR1's debt is well covered by operating cash flow (34.3%).
Interest Coverage: AR1's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/28 20:32 |
| End of Day Share Price | 2023/08/31 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Austral Resources Australia Ltd is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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