Errawarra Resources Balance Sheet Health
Financial Health criteria checks 6/6
Errawarra Resources has a total shareholder equity of A$3.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$4.1M and A$448.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$3.94m |
Equity | AU$3.69m |
Total liabilities | AU$448.94k |
Total assets | AU$4.14m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ERW's short term assets (A$4.1M) exceed its short term liabilities (A$286.5K).
Long Term Liabilities: ERW's short term assets (A$4.1M) exceed its long term liabilities (A$162.4K).
Debt to Equity History and Analysis
Debt Level: ERW is debt free.
Reducing Debt: ERW currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: ERW has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ERW has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 31% each year.