Helix Resources Balance Sheet Health
Financial Health criteria checks 4/6
Helix Resources has a total shareholder equity of A$21.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$21.9M and A$609.4K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.74m |
| Equity | AU$21.27m |
| Total liabilities | AU$609.41k |
| Total assets | AU$21.88m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HLX's short term assets (A$3.0M) exceed its short term liabilities (A$390.5K).
Long Term Liabilities: HLX's short term assets (A$3.0M) exceed its long term liabilities (A$218.9K).
Debt to Equity History and Analysis
Debt Level: HLX is debt free.
Reducing Debt: HLX 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: HLX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HLX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.3% each year