Corella Resources Balance Sheet Health
Financial Health criteria checks 3/6
Corella Resources has a total shareholder equity of A$4.1M and total debt of A$2.3K, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are A$4.2M and A$93.3K respectively.
Key information
0.06%
Debt to equity ratio
AU$2.35k
Debt
Interest coverage ratio | n/a |
Cash | AU$1.49m |
Equity | AU$4.10m |
Total liabilities | AU$93.32k |
Total assets | AU$4.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CR9's short term assets (A$1.6M) exceed its short term liabilities (A$93.3K).
Long Term Liabilities: CR9 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CR9 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CR9's debt to equity ratio has reduced 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: CR9 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CR9 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.9% each year