Canyon Resources Balance Sheet Health
Financial Health criteria checks 6/6
Canyon Resources has a total shareholder equity of A$50.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$51.5M and A$772.3K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$30.82m |
Equity | AU$50.71m |
Total liabilities | AU$772.28k |
Total assets | AU$51.48m |
Recent financial health updates
Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth
Mar 16Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation
Aug 23We're Hopeful That Canyon Resources (ASX:CAY) Will Use Its Cash Wisely
May 22We're Keeping An Eye On Canyon Resources' (ASX:CAY) Cash Burn Rate
Dec 30Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth
Jul 05Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation
Mar 17Recent updates
Companies Like Canyon Resources (ASX:CAY) Can Afford To Invest In Growth
Mar 16Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation
Aug 23We're Hopeful That Canyon Resources (ASX:CAY) Will Use Its Cash Wisely
May 22We're Keeping An Eye On Canyon Resources' (ASX:CAY) Cash Burn Rate
Dec 30Companies Like Canyon Resources (ASX:CAY) Are In A Position To Invest In Growth
Jul 05Here's Why We're Not Too Worried About Canyon Resources' (ASX:CAY) Cash Burn Situation
Mar 17Financial Position Analysis
Short Term Liabilities: CAY's short term assets (A$31.9M) exceed its short term liabilities (A$772.3K).
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 3 years based on its current free cash flow.
Forecast Cash Runway: CAY has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 8% each year