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 ratio | n/a |
| Cash | AU$5.14m |
| Equity | AU$35.15m |
| Total liabilities | AU$2.01m |
| Total assets | AU$37.16m |
Recent financial health updates
Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation
Jun 01
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Feb 02Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Oct 18We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely
Jul 01Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?
Mar 09Recent updates
Here's Why We're Watching Ionic Rare Earths' (ASX:IXR) Cash Burn Situation
Jun 01Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Feb 02Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
Oct 18We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely
Jul 01Is Ionic Rare Earths (ASX:IXR) In A Good Position To Deliver On Growth Plans?
Mar 09Financial 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 5 months based on free cash flow estimates, but has since raised additional capital.