Calidus Resources Limited

ASX:CAI Stock Report

Market Cap: AU$93.7m

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 ration/a
CashAU$9.04m
EquityAU$135.03m
Total liabilitiesAU$182.88m
Total assetsAU$317.91m

Recent financial health updates

Recent updates

Does Calidus Resources (ASX:CAI) Have A Healthy Balance Sheet?

Mar 19
Does Calidus Resources (ASX:CAI) Have A Healthy Balance Sheet?

Is Calidus Resources (ASX:CAI) Using Debt In A Risky Way?

Nov 11
Is Calidus Resources (ASX:CAI) Using Debt In A Risky Way?

Here's Why Calidus Resources Limited's (ASX:CAI) CEO Compensation Is The Least Of Shareholders Concerns

Nov 10
Here's Why Calidus Resources Limited's (ASX:CAI) CEO Compensation Is The Least Of Shareholders Concerns

What Kind Of Investors Own Most Of Calidus Resources Limited (ASX:CAI)?

Feb 24
What Kind Of Investors Own Most Of Calidus Resources Limited (ASX:CAI)?

Calidus Resources Limited (ASX:CAI) Insiders Increased Their Holdings

Jan 20
Calidus Resources Limited (ASX:CAI) Insiders Increased Their Holdings

Analysts Expect Breakeven For Calidus Resources Limited (ASX:CAI) Before Long

Dec 16
Analysts Expect Breakeven For Calidus Resources Limited (ASX:CAI) Before Long

Is Calidus Resources (ASX:CAI) In A Good Position To Invest In Growth?

Jul 13
Is Calidus Resources (ASX:CAI) In A Good Position To Invest In Growth?

Financial 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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