Clara Resources Australia Balance Sheet Health
Financial Health criteria checks 5/6
Clara Resources Australia has a total shareholder equity of A$7.6M and total debt of A$1.5M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are A$9.8M and A$2.2M respectively.
Key information
19.2%
Debt to equity ratio
AU$1.46m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$150.73k |
| Equity | AU$7.60m |
| Total liabilities | AU$2.16m |
| Total assets | AU$9.76m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: C7A's short term assets (A$1.3M) do not cover its short term liabilities (A$2.2M).
Long Term Liabilities: C7A has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: C7A's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: C7A's debt to equity ratio has reduced from 54% to 19.2% 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: C7A has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: C7A is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.