Horizon Minerals Balance Sheet Health
Financial Health criteria checks 2/6
Horizon Minerals has a total shareholder equity of A$36.8M and total debt of A$7.0M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are A$47.1M and A$10.3M respectively.
Key information
18.9%
Debt to equity ratio
AU$6.95m
Debt
Interest coverage ratio | n/a |
Cash | AU$5.54m |
Equity | AU$36.85m |
Total liabilities | AU$10.26m |
Total assets | AU$47.11m |
Recent financial health updates
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 15Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?
Jun 21Recent updates
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 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$6.1M) do not cover its short term liabilities (A$8.5M).
Long Term Liabilities: HRZ's short term assets (A$6.1M) exceed its long term liabilities (A$1.8M).
Debt to Equity History and Analysis
Debt Level: HRZ's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: HRZ's debt to equity ratio has increased from 0% to 18.9% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HRZ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.4% each year