Corella Resources Balance Sheet Health
Financial Health criteria checks 3/6
Corella Resources has a total shareholder equity of A$3.5M and total debt of A$5.2K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are A$3.7M and A$185.7K respectively.
Key information
0.1%
Debt to equity ratio
AU$5.23k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$724.78k |
| Equity | AU$3.52m |
| Total liabilities | AU$185.75k |
| Total assets | AU$3.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CR9's short term assets (A$767.6K) exceed its short term liabilities (A$185.7K).
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 28.3% each year