Ardea Resources Balance Sheet Health
Financial Health criteria checks 5/6
Ardea Resources has a total shareholder equity of A$58.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$60.1M and A$1.8M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$19.63m |
Equity | AU$58.29m |
Total liabilities | AU$1.79m |
Total assets | AU$60.07m |
Recent financial health updates
Here's Why We're Watching Ardea Resources' (ASX:ARL) Cash Burn Situation
Feb 22We Think Ardea Resources (ASX:ARL) Needs To Drive Business Growth Carefully
Oct 30We're Keeping An Eye On Ardea Resources' (ASX:ARL) Cash Burn Rate
Jul 12Will Ardea Resources (ASX:ARL) Spend Its Cash Wisely?
Mar 28Here's Why We're Not Too Worried About Ardea Resources' (ASX:ARL) Cash Burn Situation
Dec 08Recent updates
Here's Why We're Watching Ardea Resources' (ASX:ARL) Cash Burn Situation
Feb 22We Think Ardea Resources (ASX:ARL) Needs To Drive Business Growth Carefully
Oct 30We're Keeping An Eye On Ardea Resources' (ASX:ARL) Cash Burn Rate
Jul 12Will Ardea Resources (ASX:ARL) Spend Its Cash Wisely?
Mar 28Here's Why We're Not Too Worried About Ardea Resources' (ASX:ARL) Cash Burn Situation
Dec 08Ardea Resources Limited's (ASX:ARL) CEO Will Probably Find It Hard To See A Huge Raise This Year
Nov 22Companies Like Ardea Resources (ASX:ARL) Are In A Position To Invest In Growth
Mar 06Financial Position Analysis
Short Term Liabilities: ARL's short term assets (A$21.3M) exceed its short term liabilities (A$1.6M).
Long Term Liabilities: ARL's short term assets (A$21.3M) exceed its long term liabilities (A$140.7K).
Debt to Equity History and Analysis
Debt Level: ARL is debt free.
Reducing Debt: ARL has not had any debt for 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: ARL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ARL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.7% each year