IRIS Metals Balance Sheet Health
Financial Health criteria checks 5/6
IRIS Metals has a total shareholder equity of A$35.5M and total debt of A$1.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are A$37.5M and A$2.1M respectively.
Key information
3.7%
Debt to equity ratio
AU$1.30m
Debt
Interest coverage ratio | n/a |
Cash | AU$9.30m |
Equity | AU$35.48m |
Total liabilities | AU$2.06m |
Total assets | AU$37.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IR1's short term assets (A$9.5M) exceed its short term liabilities (A$2.1M).
Long Term Liabilities: IR1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: IR1 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if IR1'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: IR1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: IR1 is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.