Golden Mile Resources Balance Sheet Health
Financial Health criteria checks 6/6
Golden Mile Resources has a total shareholder equity of A$6.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.1M and A$118.0K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$502.32k |
Equity | AU$5.97m |
Total liabilities | AU$118.03k |
Total assets | AU$6.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G88's short term assets (A$573.4K) exceed its short term liabilities (A$118.0K).
Long Term Liabilities: G88 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: G88 is debt free.
Reducing Debt: G88 has not had any debt for 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: G88 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: G88 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.