Freehill Mining Balance Sheet Health
Financial Health criteria checks 6/6
Freehill Mining has a total shareholder equity of A$12.1M and total debt of A$6.6K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are A$12.5M and A$392.1K respectively. Freehill Mining's EBIT is A$11.8M making its interest coverage ratio 112.3. It has cash and short-term investments of A$318.4K.
Key information
0.05%
Debt to equity ratio
AU$6.60k
Debt
Interest coverage ratio | 112.3x |
Cash | AU$318.42k |
Equity | AU$12.09m |
Total liabilities | AU$392.14k |
Total assets | AU$12.49m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FHS's short term assets (A$1.1M) exceed its short term liabilities (A$322.1K).
Long Term Liabilities: FHS's short term assets (A$1.1M) exceed its long term liabilities (A$70.0K).
Debt to Equity History and Analysis
Debt Level: FHS has more cash than its total debt.
Reducing Debt: FHS's debt to equity ratio has reduced from 31.3% to 0.05% 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: FHS has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FHS is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.