Diatreme Resources Balance Sheet Health
Financial Health criteria checks 4/6
Diatreme Resources has a total shareholder equity of A$63.6M and total debt of A$1.5M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are A$66.5M and A$3.0M respectively.
Key information
2.4%
Debt to equity ratio
AU$1.53m
Debt
Interest coverage ratio | n/a |
Cash | AU$10.77m |
Equity | AU$63.57m |
Total liabilities | AU$2.96m |
Total assets | AU$66.53m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DRX's short term assets (A$11.1M) exceed its short term liabilities (A$2.8M).
Long Term Liabilities: DRX's short term assets (A$11.1M) exceed its long term liabilities (A$192.9K).
Debt to Equity History and Analysis
Debt Level: DRX has more cash than its total debt.
Reducing Debt: DRX's debt to equity ratio has reduced from 11% to 2.4% over the past 5 years.
Debt Coverage: DRX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if DRX's interest payments on its debt are well covered by EBIT.