Artemis Resources Balance Sheet Health
Financial Health criteria checks 4/6
Artemis Resources has a total shareholder equity of A$45.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$53.0M and A$7.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$4.78m |
Equity | AU$45.89m |
Total liabilities | AU$7.07m |
Total assets | AU$52.96m |
Financial Position Analysis
Short Term Liabilities: ARV's short term assets (A$4.9M) exceed its short term liabilities (A$1.3M).
Long Term Liabilities: ARV's short term assets (A$4.9M) do not cover its long term liabilities (A$5.7M).
Debt to Equity History and Analysis
Debt Level: ARV is debt free.
Reducing Debt: ARV has no debt compared to 5 years ago when its debt to equity ratio was 13.4%.
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: ARV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ARV has less than a year of cash runway if free cash flow continues to grow at historical rates of 20.8% each year.