Canyon Resources Balance Sheet Health

Financial Health criteria checks 6/6

Canyon Resources has a total shareholder equity of A$43.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$44.5M and A$667.5K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$22.17m
Equity	AU$43.87m
Total liabilities	AU$667.54k
Total assets	AU$44.54m

Recent financial health updates

Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth

Mar 16

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Aug 23

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Mar 17

Recent updates

Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth

Mar 16

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Aug 23

We're Hopeful That Canyon Resources (ASX:CAY) Will Use Its Cash Wisely

May 22

We're Keeping An Eye On Canyon Resources' (ASX:CAY) Cash Burn Rate

Dec 30

Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth

Jul 05

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Mar 17

Financial Position Analysis

Short Term Liabilities: CAY's short term assets (A$22.7M) exceed its short term liabilities (A$667.5K).

Long Term Liabilities: CAY has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: CAY is debt free.

Reducing Debt: CAY had no debt 5 years ago.

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: CAY has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CAY has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 7.9% each year.

Canyon Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

We're Hopeful That Canyon Resources (ASX:CAY) Will Use Its Cash Wisely

We're Keeping An Eye On Canyon Resources' (ASX:CAY) Cash Burn Rate

Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Recent updates

Canyon Resources Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Financial data availability

Canyon Resources Limited Announces Board Changes

Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth

New minor risk - Shareholder dilution

Canyon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.5 million.

Less than half of directors are independent

Canyon Resources Limited Appoints Gaurav Gupta as A Non-Executive Director

Canyon Resources Limited, Annual General Meeting, Nov 29, 2023

New major risk - Financial position

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

We're Hopeful That Canyon Resources (ASX:CAY) Will Use Its Cash Wisely

Canyon Resources Limited, Annual General Meeting, Feb 28, 2023

We're Keeping An Eye On Canyon Resources' (ASX:CAY) Cash Burn Rate

Canyon Resources Limited Announces Exploration Update for Makan Bauxite Permit

Canyon Resources Limited, Annual General Meeting, Nov 18, 2022

Canyon Resources Announces Board Changes

Canyon Resources Limited, Annual General Meeting, Aug 10, 2022

Canyon Resources Limited Announces Board Update

Canyon Resources Limited Announces Minim Martap Project Update

Canyon Resources Limited Provides Update on Its Minim Martap Project (Project) Bankable Feasibility Study

Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth

Canyon Resources Limited Provides Minim Martap Project Update

Canyon Resources Limited Executes Cahier De Charges, with the State of Cameroon in Relation to the Development of the Company's Minim Martap Project

CFO & Company Secretary has left the company

Canyon Resources Limited Announces the Completion of Updated JORC (2012) Ore Reserve Estimate for the Minim Martap Bauxite Project in Cameroon, West Africa

Canyon Resources Limited Provides an Updated Mineral Resource Estimate

Independent Director has left the company

Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation

Canyon Resources Limited Appoints Rick Smith as Director General of Camalco Cameroon SA

Canyon Resources Limited Announces Completion of Infill and Technical Drilling in Support of the Bankable Feasibility Study (BFS) for the Minim Martap Bauxite Project

Canyon Resources Limited Executes Strategic Agreement with Major Engineering Firm MCC-CIE for BFS

Canyon Resources Limited Appoints Cliff Lawrenson as Non- Executive Chairman

Canyon Resources Limited Elects Peter Su as Director

Canyon Signs MoU with Cameroon Rail Operator Camrail

Canyon Resources Limited Provides an Update Mineral Resource Estimate of the High Grade Minim Martap Bauxite Project

Canyon Resources Limited Provides Summary of the Outcomes of the Advanced Metallurgical Programme

Canyon Resources Limited announced that it has received AUD 10 million in funding

Canyon Resources Limited Announces the Completion of the Water Resources Interim Baseline Report

Canyon Resources Limited Signs MOU with the Port of Douala

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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