Calidus Resources Balance Sheet Health
Financial Health criteria checks 2/6
Calidus Resources has a total shareholder equity of A$135.0M and total debt of A$69.0M, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are A$317.9M and A$182.9M respectively.
Key information
51.1%
Debt to equity ratio
AU$69.00m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.04m |
| Equity | AU$135.03m |
| Total liabilities | AU$182.88m |
| Total assets | AU$317.91m |
Recent financial health updates
Does Calidus Resources (ASX:CAI) Have A Healthy Balance Sheet?
Mar 19
Is Calidus Resources (ASX:CAI) Using Debt In A Risky Way?
Nov 11Is Calidus Resources (ASX:CAI) In A Good Position To Invest In Growth?
Jul 13
Recent updates
Does Calidus Resources (ASX:CAI) Have A Healthy Balance Sheet?
Mar 19Is Calidus Resources (ASX:CAI) Using Debt In A Risky Way?
Nov 11Here's Why Calidus Resources Limited's (ASX:CAI) CEO Compensation Is The Least Of Shareholders Concerns
Nov 10What Kind Of Investors Own Most Of Calidus Resources Limited (ASX:CAI)?
Feb 24Calidus Resources Limited (ASX:CAI) Insiders Increased Their Holdings
Jan 20Analysts Expect Breakeven For Calidus Resources Limited (ASX:CAI) Before Long
Dec 16Is Calidus Resources (ASX:CAI) In A Good Position To Invest In Growth?
Jul 13Financial Position Analysis
Short Term Liabilities: CAI's short term assets (A$37.8M) do not cover its short term liabilities (A$67.9M).
Long Term Liabilities: CAI's short term assets (A$37.8M) do not cover its long term liabilities (A$115.0M).
Debt to Equity History and Analysis
Debt Level: CAI's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: CAI's debt to equity ratio has increased from 0.03% to 51.1% 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: Whilst unprofitable CAI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CAI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18.6% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/09/25 14:39 |
| End of Day Share Price | 2024/06/28 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Calidus Resources Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim McCormack | Canaccord Genuity |
| Paul Howard | Canaccord Genuity |