Asara Resources Balance Sheet Health
Financial Health criteria checks 5/6
Asara Resources has a total shareholder equity of A$23.0M and total debt of A$500.0K, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are A$23.9M and A$930.6K respectively.
Key information
2.2%
Debt to equity ratio
AU$500.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$1.12m |
Equity | AU$22.98m |
Total liabilities | AU$930.63k |
Total assets | AU$23.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AS1's short term assets (A$1.2M) exceed its short term liabilities (A$916.4K).
Long Term Liabilities: AS1's short term assets (A$1.2M) exceed its long term liabilities (A$14.2K).
Debt to Equity History and Analysis
Debt Level: AS1 has more cash than its total debt.
Reducing Debt: AS1's debt to equity ratio has increased from 0% to 2.2% 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: AS1 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AS1 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.