DeSoto Resources Balance Sheet Health
Financial Health criteria checks 6/6
DeSoto Resources has a total shareholder equity of A$9.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$9.8M and A$423.7K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$6.42m |
Equity | AU$9.36m |
Total liabilities | AU$423.67k |
Total assets | AU$9.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DES's short term assets (A$6.6M) exceed its short term liabilities (A$289.6K).
Long Term Liabilities: DES's short term assets (A$6.6M) exceed its long term liabilities (A$134.0K).
Debt to Equity History and Analysis
Debt Level: DES is debt free.
Reducing Debt: DES 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: DES has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DES has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 84.7% each year.