DevEx Resources Balance Sheet Health
Financial Health criteria checks 6/6
DevEx Resources has a total shareholder equity of A$28.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$31.6M and A$2.8M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$21.76m |
Equity | AU$28.77m |
Total liabilities | AU$2.83m |
Total assets | AU$31.61m |
Recent financial health updates
We Think DevEx Resources (ASX:DEV) Needs To Drive Business Growth Carefully
Aug 12Is DevEx Resources (ASX:DEV) In A Good Position To Deliver On Growth Plans?
Apr 27Is DevEx Resources (ASX:DEV) In A Good Position To Deliver On Growth Plans?
Jan 12We're Not Very Worried About DevEx Resources' (ASX:DEV) Cash Burn Rate
Sep 29Here's Why We're Not Too Worried About DevEx Resources' (ASX:DEV) Cash Burn Situation
Jun 15Here's Why We're Not Too Worried About DevEx Resources' (ASX:DEV) Cash Burn Situation
Feb 22Recent updates
We Think DevEx Resources (ASX:DEV) Needs To Drive Business Growth Carefully
Aug 12Is DevEx Resources (ASX:DEV) In A Good Position To Deliver On Growth Plans?
Apr 27Is DevEx Resources (ASX:DEV) In A Good Position To Deliver On Growth Plans?
Jan 12We're Not Very Worried About DevEx Resources' (ASX:DEV) Cash Burn Rate
Sep 29Here's Why We're Not Too Worried About DevEx Resources' (ASX:DEV) Cash Burn Situation
Jun 15Here's Why We're Not Too Worried About DevEx Resources' (ASX:DEV) Cash Burn Situation
Feb 22We're Not Very Worried About DevEx Resources' (ASX:DEV) Cash Burn Rate
Nov 09We Think DevEx Resources (ASX:DEV) Can Afford To Drive Business Growth
Jul 11Companies Like DevEx Resources (ASX:DEV) Are In A Position To Invest In Growth
Mar 28Have Insiders Been Buying DevEx Resources Limited (ASX:DEV) Shares This Year?
Dec 13Financial Position Analysis
Short Term Liabilities: DEV's short term assets (A$22.7M) exceed its short term liabilities (A$1.5M).
Long Term Liabilities: DEV's short term assets (A$22.7M) exceed its long term liabilities (A$1.3M).
Debt to Equity History and Analysis
Debt Level: DEV is debt free.
Reducing Debt: DEV 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: DEV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DEV has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 38.6% each year.