Astute Metals Balance Sheet Health
Financial Health criteria checks 4/6
Astute Metals has a total shareholder equity of A$21.4M and total debt of A$249.3K, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are A$21.8M and A$468.3K respectively.
Key information
1.2%
Debt to equity ratio
AU$249.27k
Debt
Interest coverage ratio | n/a |
Cash | AU$2.48m |
Equity | AU$21.37m |
Total liabilities | AU$468.34k |
Total assets | AU$21.84m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASE's short term assets (A$2.9M) exceed its short term liabilities (A$440.5K).
Long Term Liabilities: ASE's short term assets (A$2.9M) exceed its long term liabilities (A$27.9K).
Debt to Equity History and Analysis
Debt Level: ASE has more cash than its total debt.
Reducing Debt: ASE's debt to equity ratio has reduced from 70% to 1.2% 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: ASE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ASE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 37.4% each year