Equinox Resources Balance Sheet Health
Financial Health criteria checks 5/6
Equinox Resources has a total shareholder equity of A$15.6M and total debt of A$29.2K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$16.2M and A$642.5K respectively.
Key information
0.2%
Debt to equity ratio
AU$29.18k
Debt
Interest coverage ratio | n/a |
Cash | AU$3.17m |
Equity | AU$15.61m |
Total liabilities | AU$642.48k |
Total assets | AU$16.25m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: EQN's short term assets (A$3.7M) exceed its short term liabilities (A$602.0K).
Long Term Liabilities: EQN's short term assets (A$3.7M) exceed its long term liabilities (A$40.5K).
Debt to Equity History and Analysis
Debt Level: EQN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if EQN's debt to equity ratio has reduced 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: EQN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EQN is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.