Australia United Mining Balance Sheet Health
Financial Health criteria checks 5/6
Australia United Mining has a total shareholder equity of A$3.5M and total debt of A$1.7M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are A$5.2M and A$1.8M respectively. Australia United Mining's EBIT is A$325.9K making its interest coverage ratio 5.4. It has cash and short-term investments of A$621.7K.
Key information
49.8%
Debt to equity ratio
AU$1.72m
Debt
Interest coverage ratio | 5.4x |
Cash | AU$621.68k |
Equity | AU$3.46m |
Total liabilities | AU$1.76m |
Total assets | AU$5.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AYM's short term assets (A$625.1K) do not cover its short term liabilities (A$1.5M).
Long Term Liabilities: AYM's short term assets (A$625.1K) exceed its long term liabilities (A$288.9K).
Debt to Equity History and Analysis
Debt Level: AYM's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: AYM's debt to equity ratio has reduced from 201.8% to 49.8% 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: AYM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AYM has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 7.9% each year.