Genesis Resources Balance Sheet Health
Financial Health criteria checks 1/6
Genesis Resources has a total shareholder equity of A$5.8M and total debt of A$12.3M, which brings its debt-to-equity ratio to 213.6%. Its total assets and total liabilities are A$22.9M and A$17.1M respectively.
Key information
213.6%
Debt to equity ratio
AU$12.35m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$56.54k |
| Equity | AU$5.78m |
| Total liabilities | AU$17.11m |
| Total assets | AU$22.89m |
Recent financial health updates
Is Genesis Resources (ASX:GES) A Risky Investment?
Apr 09
Genesis Resources (ASX:GES) Has Debt But No Earnings; Should You Worry?
Oct 20Is Genesis Resources (ASX:GES) Using Debt In A Risky Way?
Mar 16Genesis Resources (ASX:GES) Has Debt But No Earnings; Should You Worry?
Sep 29Health Check: How Prudently Does Genesis Resources (ASX:GES) Use Debt?
Mar 31Is Genesis Resources (ASX:GES) A Risky Investment?
Nov 01Recent updates
Is Genesis Resources (ASX:GES) A Risky Investment?
Apr 09Genesis Resources (ASX:GES) Has Debt But No Earnings; Should You Worry?
Oct 20Is Genesis Resources (ASX:GES) Using Debt In A Risky Way?
Mar 16Genesis Resources (ASX:GES) Has Debt But No Earnings; Should You Worry?
Sep 29Health Check: How Prudently Does Genesis Resources (ASX:GES) Use Debt?
Mar 31Is Genesis Resources (ASX:GES) A Risky Investment?
Nov 01Does Genesis Resources (ASX:GES) Have A Healthy Balance Sheet?
Jun 27Is Genesis Resources (ASX:GES) Using Too Much Debt?
Mar 14Genesis Resources (ASX:GES) Is Carrying A Fair Bit Of Debt
Nov 21
Financial Position Analysis
Short Term Liabilities: GES's short term assets (A$190.7K) do not cover its short term liabilities (A$17.1M).
Long Term Liabilities: GES has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GES's net debt to equity ratio (212.6%) is considered high.
Reducing Debt: GES's debt to equity ratio has increased from 28.7% to 213.6% 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: GES has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GES has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.7% each year.