Heavy Rare Earths Balance Sheet Health
Financial Health criteria checks 6/6
Heavy Rare Earths has a total shareholder equity of A$730.5K and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.0M and A$290.1K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$957.59k |
| Equity | AU$730.53k |
| Total liabilities | AU$290.11k |
| Total assets | AU$1.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRE's short term assets (A$1.0M) exceed its short term liabilities (A$290.1K).
Long Term Liabilities: HRE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HRE is debt free.
Reducing Debt: HRE 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: HRE has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HRE is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.