Caravel Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Caravel Minerals has a total shareholder equity of A$11.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$12.9M and A$1.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$8.72m |
| Equity | AU$11.85m |
| Total liabilities | AU$1.09m |
| Total assets | AU$12.94m |
Recent financial health updates
Here's Why We're Watching Caravel Minerals' (ASX:CVV) Cash Burn Situation
Oct 24
Companies Like Caravel Minerals (ASX:CVV) Are In A Position To Invest In Growth
Jul 05Is Caravel Minerals (ASX:CVV) In A Good Position To Deliver On Growth Plans?
Mar 17Here's Why Caravel Minerals (ASX:CVV) Must Use Its Cash Wisely
Jul 12Can Caravel Minerals (ASX:CVV) Afford To Invest In Growth?
Mar 23Recent updates
Here's Why We're Watching Caravel Minerals' (ASX:CVV) Cash Burn Situation
Oct 24Companies Like Caravel Minerals (ASX:CVV) Are In A Position To Invest In Growth
Jul 05Is Caravel Minerals (ASX:CVV) In A Good Position To Deliver On Growth Plans?
Mar 17Here's Why Caravel Minerals (ASX:CVV) Must Use Its Cash Wisely
Jul 12Can Caravel Minerals (ASX:CVV) Afford To Invest In Growth?
Mar 23We Think Caravel Minerals (ASX:CVV) Can Easily Afford To Drive Business Growth
Jul 06We're Not Worried About Caravel Minerals' (ASX:CVV) Cash Burn
Mar 17Caravel Minerals Limited (ASX:CVV) Insiders Have Been Selling
Dec 21Financial Position Analysis
Short Term Liabilities: CVV's short term assets (A$9.3M) exceed its short term liabilities (A$1.1M).
Long Term Liabilities: CVV has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CVV is debt free.
Reducing Debt: CVV 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: CVV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CVV is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.