Heavy Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Heavy Minerals has a total shareholder equity of A$3.3M and total debt of A$650.0K, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are A$4.3M and A$1.0M respectively.
Key information
19.8%
Debt to equity ratio
AU$650.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$158.92k |
Equity | AU$3.28m |
Total liabilities | AU$1.03m |
Total assets | AU$4.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HVY's short term assets (A$600.0K) exceed its short term liabilities (A$324.0K).
Long Term Liabilities: HVY's short term assets (A$600.0K) do not cover its long term liabilities (A$703.0K).
Debt to Equity History and Analysis
Debt Level: HVY's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HVY's debt to equity ratio has reduced 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: HVY has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HVY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.