Carnaby Resources Balance Sheet Health
Financial Health criteria checks 6/6
Carnaby Resources has a total shareholder equity of A$23.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$26.2M and A$2.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$17.89m |
| Equity | AU$23.91m |
| Total liabilities | AU$2.26m |
| Total assets | AU$26.17m |
Financial Position Analysis
Short Term Liabilities: CNB's short term assets (A$18.7M) exceed its short term liabilities (A$1.7M).
Long Term Liabilities: CNB's short term assets (A$18.7M) exceed its long term liabilities (A$534.8K).
Debt to Equity History and Analysis
Debt Level: CNB is debt free.
Reducing Debt: CNB has not had any debt for 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: CNB has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CNB has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 43.9% each year.