Horizon Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Horizon Minerals has a total shareholder equity of A$46.3M and total debt of A$8.2M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are A$58.9M and A$12.7M respectively.
Key information
17.7%
Debt to equity ratio
AU$8.19m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.33m |
| Equity | AU$46.27m |
| Total liabilities | AU$12.66m |
| Total assets | AU$58.93m |
Recent financial health updates
Is Horizon Minerals (ASX:HRZ) A Risky Investment?
Oct 07
Would Horizon Minerals (ASX:HRZ) Be Better Off With Less Debt?
Apr 04Is Horizon Minerals (ASX:HRZ) Using Too Much Debt?
Dec 01Is Horizon Minerals (ASX:HRZ) A Risky Investment?
Jun 29We Think Horizon Minerals (ASX:HRZ) Has A Fair Chunk Of Debt
Mar 15Recent updates
Is Horizon Minerals (ASX:HRZ) A Risky Investment?
Oct 07Would Horizon Minerals (ASX:HRZ) Be Better Off With Less Debt?
Apr 04Is Horizon Minerals (ASX:HRZ) Using Too Much Debt?
Dec 01Is Horizon Minerals (ASX:HRZ) A Risky Investment?
Jun 29We Think Horizon Minerals (ASX:HRZ) Has A Fair Chunk Of Debt
Mar 15Why Horizon Minerals' (ASX:HRZ) Earnings Are Better Than They Seem
Sep 16Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?
Jun 21Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?
Mar 03Financial Position Analysis
Short Term Liabilities: HRZ's short term assets (A$4.9M) do not cover its short term liabilities (A$10.6M).
Long Term Liabilities: HRZ's short term assets (A$4.9M) exceed its long term liabilities (A$2.0M).
Debt to Equity History and Analysis
Debt Level: HRZ's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: HRZ's debt to equity ratio has increased from 0% to 17.7% 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: HRZ has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HRZ is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.