Enova Mining Balance Sheet Health
Financial Health criteria checks 6/6
Enova Mining has a total shareholder equity of A$5.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.0M and A$36.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$939.06k |
Equity | AU$5.94m |
Total liabilities | AU$36.23k |
Total assets | AU$5.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENV's short term assets (A$975.5K) exceed its short term liabilities (A$16.2K).
Long Term Liabilities: ENV's short term assets (A$975.5K) exceed its long term liabilities (A$20.0K).
Debt to Equity History and Analysis
Debt Level: ENV is debt free.
Reducing Debt: ENV has no debt compared to 5 years ago when its debt to equity ratio was 89.1%.
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: ENV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ENV is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.