Equus Mining Balance Sheet Health
Financial Health criteria checks 2/6
Equus Mining has a total shareholder equity of A$13.6M and total debt of A$2.3M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are A$35.4M and A$21.9M respectively.
Key information
17.0%
Debt to equity ratio
AU$2.30m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.34m |
Equity | AU$13.55m |
Total liabilities | AU$21.89m |
Total assets | AU$35.45m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: EQE's short term assets (A$4.6M) exceed its short term liabilities (A$2.9M).
Long Term Liabilities: EQE's short term assets (A$4.6M) do not cover its long term liabilities (A$19.0M).
Debt to Equity History and Analysis
Debt Level: EQE's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: EQE's debt to equity ratio has increased from 0% to 17% over the past 5 years.
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: EQE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: EQE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28% each year