Ionic Rare Earths Limited

ASX:IXR Stock Report

Market Cap: AU$50.7m

Ionic Rare Earths Balance Sheet Health

Financial Health criteria checks 6/6

Ionic Rare Earths has a total shareholder equity of A$35.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$37.2M and A$2.0M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$5.14m
EquityAU$35.15m
Total liabilitiesAU$2.01m
Total assetsAU$37.16m

Recent financial health updates

Recent updates

Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation

Jun 01
Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation

Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Feb 02
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

Oct 18
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely

Jul 01
We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely

Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?

Mar 09
Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?

Financial Position Analysis

Short Term Liabilities: IXR's short term assets (A$6.7M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: IXR's short term assets (A$6.7M) exceed its long term liabilities (A$528.9K).


Debt to Equity History and Analysis

Debt Level: IXR is debt free.

Reducing Debt: IXR had no debt 5 years ago.


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: IXR has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: IXR is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


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