Advance Metals Balance Sheet Health
Financial Health criteria checks 4/6
Advance Metals has a total shareholder equity of A$5.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.5M and A$199.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$610.43k |
Equity | AU$5.26m |
Total liabilities | AU$199.83k |
Total assets | AU$5.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVMDC's short term assets (A$639.3K) exceed its short term liabilities (A$199.8K).
Long Term Liabilities: AVMDC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVMDC is debt free.
Reducing Debt: AVMDC 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: AVMDC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AVMDC has less than a year of cash runway if free cash flow continues to grow at historical rates of 3.4% each year.