Astute Metals Balance Sheet Health
Financial Health criteria checks 6/6
Astute Metals has a total shareholder equity of A$18.1M and total debt of A$28.1K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$18.8M and A$703.3K respectively.
Key information
0.2%
Debt to equity ratio
AU$28.05k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$354.62k |
| Equity | AU$18.14m |
| Total liabilities | AU$703.26k |
| Total assets | AU$18.85m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASE's short term assets (A$695.6K) exceed its short term liabilities (A$695.1K).
Long Term Liabilities: ASE's short term assets (A$695.6K) exceed its long term liabilities (A$8.2K).
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 84.9% to 0.2% 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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ASE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.