Infinity Mining Balance Sheet Health

Financial Health criteria checks 6/6

Infinity Mining has a total shareholder equity of A$7.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$8.5M and A$604.6K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$250.79k
Equity	AU$7.87m
Total liabilities	AU$604.58k
Total assets	AU$8.47m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: IMI's short term assets (A$337.2K) exceed its short term liabilities (A$282.0K).

Long Term Liabilities: IMI's short term assets (A$337.2K) exceed its long term liabilities (A$322.6K).

Debt to Equity History and Analysis

Debt Level: IMI is debt free.

Reducing Debt: IMI currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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: IMI has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: IMI is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Infinity Mining Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

New major risk - Shareholder dilution

Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of $2.014 million.

Infinity Mining Limited Announces Board Changes

Infinity Mining Limited, Annual General Meeting, Aug 30, 2024

New major risk - Financial position

New minor risk - Financial data availability

Infinity Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.65 million.

Infinity Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.

First half 2024 earnings released: AU$0.016 loss per share (vs AU$0.014 loss in 1H 2023)

Infinity Mining Limited Announces the Resignations of Joe Groot as CEO

Infinity Mining Limited Announces the Resignations of Joe Groot as CEO

Infinity Mining Limited, Annual General Meeting, Aug 18, 2023

New minor risk - Financial data availability

Infinity Mining Limited (ASX:IMI) acquired Tenements In East Pilbara from TasEx Geological Services Pty Ltd.

Infinity Mining Limited Announces RC Drilling Program Commences in the Central Goldfields

Infinity Mining Limited Announces a Grant of Five-Year Extension of Term for Exploration Licence E45/4708, with A New Expiry Date of 20 November 2027

Non Executive Director exercised options to buy AU$73k worth of stock.

Infinity Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.247949 million.

CEO & Director recently bought AU$98k worth of stock

Infinity Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.247949 million.

Infinity Mining Limited Announces Maiden RC Drilling Program at Tambourah South Intersects Significant Lithium Mineralisation

Less than half of directors are independent

Infinity Mining Limited Commences Maiden Lithium Drilling Program at Tambourah in Port Headland, WA

Infinity Mining Limited Announces VTEM Survey over East Pilbara Tenements

Infinity Mining Limited Receives Approvals for Maiden Drilling At Tambourah South Lithium Project

Infinity Mining Limited Receives Approvals for Maiden Drilling At Tambourah South Lithium Project

Executive Director recently bought AU$50k worth of stock

Infinity Mining Limited Announces Infinity Drilling Programs Commence At Craig's Rest

Infinity Mining Limited Announced That Further Rock Chip Sampling Has Identified Four New Lithium Pegmatite Zones At Tambourah South

Infinity Mining Limited Identifies Li in Further Rock Sampling

Infinity Mining Limited Announces Recent Rock Chip Samples from Craigs Rest Have Returned Highly Anomalous Assays Up to 37.64 G/T Au

Infinity Mining Limited Announces Two Drone Magnetic High Targets At Chicago Project

CEO & Director recently bought AU$270k worth of stock

Infinity Mining Limited Discover High Grade Rubidium

CEO & Director recently bought AU$85k worth of stock

CEO & Director recently bought AU$54k worth of stock

Infinity Mining Limited Announces Drone Magnetic Survey Identifies Brownfields Target At Camel

CEO & Director recently bought AU$94k worth of stock

Infinity Mining Limited Announces Assay Results from Its Recent Field Rock Chip Sampling Program Across the Western Side of the Tambourah South Tenement

Infinity Mining Limited Receives Its Programme of Works Approval from the Western Australian Department

Infinity Mining Limited Announces High-Priority Drone Magnetic Target Identified at the Coppermine Project in Western Australia

Infinity Mining Limited, Annual General Meeting, Aug 29, 2022

Infinity Mining Limited Announces Copper-Nickel-Gold Targets for Drilling At Hillside Project

Infinity Mining Limited Announces the Discovery of Three Significant Aircore/Soil Gold Anomalies at their Barlow's Gully Gold Project in the Central Goldfields of WA

Infinity Mining Limited Announces Lithium Mineralisation Within Tambourah Project

Less than half of directors are independent

Non Executive Director recently bought AU$60k worth of stock

Non Executive Director recently bought AU$84k worth of stock

Infinity Mining Limited Drilling Program Completed at Barlow's Gully

Infinity Mining Limited Completed Initial 1,000 Metre Drill Program at the Great Northern Mine Tenement with Samples Submitted for Assaying

Infinity Mining Limited Commences Drilling At Great Northern Historical Gold Mine

Infinity Mining Limited (ASX:IMI) completed the acquisition of Central Goldfields Assets from Zanil Pty Ltd.

Infinity Mining Limited has completed an IPO in the amount of AUD 10 million.

Less than half of directors are independent

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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