Coda Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Coda Minerals has a total shareholder equity of A$21.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$22.2M and A$646.2K respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$3.43m
EquityAU$21.60m
Total liabilitiesAU$646.20k
Total assetsAU$22.24m

Recent financial health updates

Recent updates

Here's Why We're Watching Coda Minerals' (ASX:COD) Cash Burn Situation

May 11
Here's Why We're Watching Coda Minerals' (ASX:COD) Cash Burn Situation

We're Hopeful That Coda Minerals (ASX:COD) Will Use Its Cash Wisely

Jan 20
We're Hopeful That Coda Minerals (ASX:COD) Will Use Its Cash Wisely

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Sep 24
Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Jun 08
Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Is Coda Minerals (ASX:COD) In A Good Position To Deliver On Growth Plans?

Feb 23
Is Coda Minerals (ASX:COD) In A Good Position To Deliver On Growth Plans?

Financial Position Analysis

Short Term Liabilities: COD's short term assets (A$3.6M) exceed its short term liabilities (A$636.8K).

Long Term Liabilities: COD's short term assets (A$3.6M) exceed its long term liabilities (A$9.4K).


Debt to Equity History and Analysis

Debt Level: COD is debt free.

Reducing Debt: COD 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: COD has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: COD is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


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