Diatreme Resources Balance Sheet Health
Financial Health criteria checks 4/6
Diatreme Resources has a total shareholder equity of A$84.4M and total debt of A$1.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are A$87.0M and A$2.7M respectively.
Key information
1.2%
Debt to equity ratio
AU$1.02m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$10.00m |
| Equity | AU$84.36m |
| Total liabilities | AU$2.66m |
| Total assets | AU$87.01m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DRX's short term assets (A$10.3M) exceed its short term liabilities (A$2.6M).
Long Term Liabilities: DRX's short term assets (A$10.3M) exceed its long term liabilities (A$102.1K).
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 10.3% to 1.2% 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.