Focus Minerals Balance Sheet Health

Financial Health criteria checks 0/6

Focus Minerals has a total shareholder equity of A$95.6M and total debt of A$156.3M, which brings its debt-to-equity ratio to 163.4%. Its total assets and total liabilities are A$323.6M and A$228.0M respectively. Focus Minerals's EBIT is A$13.1M making its interest coverage ratio 1.3. It has cash and short-term investments of A$16.5M.

Key information

163.42%

Debt to equity ratio

AU$156.28m

Debt

Interest coverage ratio	1.3x
Cash	AU$16.50m
Equity	AU$95.63m
Total liabilities	AU$227.99m
Total assets	AU$323.61m

Recent financial health updates

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

Oct 18

Would Focus Minerals (ASX:FML) Be Better Off With Less Debt?

Apr 01

Recent updates

The Return Trends At Focus Minerals (ASX:FML) Look Promising

Apr 02

Focus Minerals Limited (ASX:FML) Soars 32% But It's A Story Of Risk Vs Reward

Jan 22

Even With A 36% Surge, Cautious Investors Are Not Rewarding Focus Minerals Limited's (ASX:FML) Performance Completely

Oct 26

Investors Still Aren't Entirely Convinced By Focus Minerals Limited's (ASX:FML) Revenues Despite 30% Price Jump

Sep 11

A Piece Of The Puzzle Missing From Focus Minerals Limited's (ASX:FML) 30% Share Price Climb

Sep 11

Slammed 28% Focus Minerals Limited (ASX:FML) Screens Well Here But There Might Be A Catch

May 24

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

Oct 18

Increases to Focus Minerals Limited's (ASX:FML) CEO Compensation Might Cool off for now

May 21

Would Focus Minerals (ASX:FML) Be Better Off With Less Debt?

Apr 01

Did You Miss Focus Minerals' (ASX:FML) 41% Share Price Gain?

Nov 17

Introducing Focus Minerals (ASX:FML), A Stock That Climbed 33% In The Last Five Years

Jul 28

Financial Position Analysis

Short Term Liabilities: FML's short term assets (A$34.2M) do not cover its short term liabilities (A$99.9M).

Long Term Liabilities: FML's short term assets (A$34.2M) do not cover its long term liabilities (A$128.1M).

Debt to Equity History and Analysis

Debt Level: FML's net debt to equity ratio (146.2%) is considered high.

Reducing Debt: FML's debt to equity ratio has increased from 0% to 163.4% over the past 5 years.

Debt Coverage: FML's debt is not well covered by operating cash flow (18.8%).

Interest Coverage: FML's interest payments on its debt are not well covered by EBIT (1.3x coverage).

Balance Sheet

Discover healthy companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/02 11:02
End of Day Share Price	2025/06/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Focus Minerals Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mike Millikan	Euroz Hartleys Securities Limited
Peter Arden	Ord Minnett Limited

Focus Minerals Balance Sheet Health

Financial Health criteria checks 0/6

Key information

Recent financial health updates

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

Would Focus Minerals (ASX:FML) Be Better Off With Less Debt?

Recent updates

New major risk - Share price stability

Focus Minerals Limited, Annual General Meeting, May 30, 2025

The Return Trends At Focus Minerals (ASX:FML) Look Promising

Full year 2024 earnings released: EPS: AU$0.011 (vs AU$0.01 loss in FY 2023)

New minor risk - Financial data availability

Focus Minerals Limited (ASX:FML) Soars 32% But It's A Story Of Risk Vs Reward

Even With A 36% Surge, Cautious Investors Are Not Rewarding Focus Minerals Limited's (ASX:FML) Performance Completely

Investors Still Aren't Entirely Convinced By Focus Minerals Limited's (ASX:FML) Revenues Despite 30% Price Jump

A Piece Of The Puzzle Missing From Focus Minerals Limited's (ASX:FML) 30% Share Price Climb

New minor risk - Share price stability

Slammed 28% Focus Minerals Limited (ASX:FML) Screens Well Here But There Might Be A Catch

Focus Minerals Limited, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.014 loss in FY 2022)

First half 2023 earnings released: AU$0.045 loss per share (vs AU$0.012 loss in 1H 2022)

Less than half of directors are independent

Focus Minerals Limited Announces Results of the 2022 Ore Reserve Update for the Coolgardie Gold Project (Coolgardie)

First half 2022 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in 1H 2021)

Focus Minerals Limited Provides Update to Its Plan to Resume Mining Operations At the Coolgardie Gold Project

Focus Minerals Announces Updated and New Mineral Resource Estimations for the Patricia Jean and Jolly Briton Deposits

Less than half of directors are independent

Focus Minerals Limited, Annual General Meeting, May 27, 2022

Focus Minerals Limited Announces Resignation of Zhaoya Wang as Executive Director, Effective April 30, 2022

Beasley Creek South Mineral Resource Update

Less than half of directors are independent

Theta Gold Mines Limited (ASX:TGM) cancelled the acquisition of Focus Minerals Limited (ASX:FML) from Shandong Gold International Mining Corporation Limited and others.

Focus Minerals Announces Maiden Mineral Resource Estimate for the Lancefield Far North Deposit, Part of the Company's Laverton Gold Project

Focus Minerals Limited Announces CNX Mineral Resource Update

Less than half of directors are independent

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

Focus Minerals Provides an Update on Activities to Prepare for A Resumption of Gold Mining Operations At the Coolgardie Gold Project

First half 2021 earnings released: AU$0.017 loss per share (vs AU$0.029 loss in 1H 2020)

Focus Minerals Announces Resource Update for Coolgardie's Alicia Gold Deposit

Focus Minerals Limited Announces CNX's Mineral Resource Increases 30% in Major Boost for Coolgardie Gold Project

Focus Minerals Limited Announces Mineral Resource Updates

Increases to Focus Minerals Limited's (ASX:FML) CEO Compensation Might Cool off for now

Focus Announces Progressing with Coolgardie Gold Project Approvals

Focus Minerals Announces Latest Round of Exploration Drilling Results at its Laverton Gold Project

Focus Minerals Limited Provides Exploration Update on Coolgardie Gold Project

Would Focus Minerals (ASX:FML) Be Better Off With Less Debt?

Full year 2020 earnings released: AU$0.043 loss per share (vs AU$0.011 loss in FY 2019)

Focus Minerals Limited Reports Laverton Stage 1 Open Pit PFS Progressive Results

New 90-day low: AU$0.32

Focus Minerals Limited Appoints Mr. Lingquan Kong as an Additional Director

Focus and CARE Terminates Laverton Joint Venture

Focus Minerals Limited Provides Update on Large-Scale Mineral Resource at Coolgardie's CNX Deposit

New 90-day low: AU$0.33

New 90-day low: AU$0.36

Focus Minerals Limited Appoints Fengfan Sun as Chief Financial Offer

Did You Miss Focus Minerals' (ASX:FML) 41% Share Price Gain?

New 90-day low: AU$0.36

Focus Minerals Limited Announces Board Changes

Focus Minerals Limited Announces Resignation of Zaiqian Zhang as CFO

Focus Minerals Announces Significant Mineral Resource Increase for the Karridale Gold Deposit

Focus Minerals Ltd. Announces Results of the Coolgardie Pre-Feasibility Study Refresh and Ore Reserve Upgrade

FMR Investments Pty Ltd completed the acquisition of the sub-lease portion of M15/154 from Focus Minerals Limited (ASX:FML).

Introducing Focus Minerals (ASX:FML), A Stock That Climbed 33% In The Last Five Years

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources