EQ Resources Balance Sheet Health
Financial Health criteria checks 3/6
EQ Resources has a total shareholder equity of A$14.2M and total debt of A$2.2M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are A$62.6M and A$48.4M respectively.
Key information
15.7%
Debt to equity ratio
AU$2.23m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$734.83k |
| Equity | AU$14.23m |
| Total liabilities | AU$48.40m |
| Total assets | AU$62.62m |
Financial Position Analysis
Short Term Liabilities: EQR's short term assets (A$11.5M) do not cover its short term liabilities (A$34.0M).
Long Term Liabilities: EQR's short term assets (A$11.5M) do not cover its long term liabilities (A$14.4M).
Debt to Equity History and Analysis
Debt Level: EQR's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: EQR's debt to equity ratio has increased from 0% to 15.7% 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: EQR has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EQR is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.