Diatreme Resources Limited

ASX:DRX Stock Report

Market Cap: AU$74.6m

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 ration/a
CashAU$10.77m
EquityAU$63.57m
Total liabilitiesAU$2.96m
Total assetsAU$66.53m

Recent financial health updates

No updates

Recent updates

Why Diatreme Resources' (ASX:DRX) Healthy Earnings Aren’t As Good As They Seem

Mar 21
Why Diatreme Resources' (ASX:DRX) Healthy Earnings Aren’t As Good As They Seem

We Believe Diatreme Resources' (ASX:DRX) Earnings Are A Poor Guide For Its Profitability

Apr 01
We Believe Diatreme Resources' (ASX:DRX) Earnings Are A Poor Guide For Its Profitability

How Much Did Diatreme Resources' (ASX:DRX) CEO Pocket Last Year?

Dec 06
How Much Did Diatreme Resources' (ASX:DRX) CEO Pocket Last Year?

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.


Balance Sheet


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