Korab Resources Balance Sheet Health
Financial Health criteria checks 0/6
Korab Resources has a total shareholder equity of A$775.9K and total debt of A$3.8M, which brings its debt-to-equity ratio to 488.8%. Its total assets and total liabilities are A$4.8M and A$4.0M respectively.
Key information
488.8%
Debt to equity ratio
AU$3.79m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$63.55k |
| Equity | AU$775.92k |
| Total liabilities | AU$3.98m |
| Total assets | AU$4.76m |
Recent financial health updates
Would Korab Resources (ASX:KOR) Be Better Off With Less Debt?
Apr 13
We Think Korab Resources (ASX:KOR) Has A Fair Chunk Of Debt
Oct 09Does Korab Resources (ASX:KOR) Have A Healthy Balance Sheet?
Mar 24Korab Resources (ASX:KOR) Has A Somewhat Strained Balance Sheet
Jun 30Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden
Mar 17Is Korab Resources (ASX:KOR) A Risky Investment?
Oct 14Recent updates
Would Korab Resources (ASX:KOR) Be Better Off With Less Debt?
Apr 13We Think Korab Resources (ASX:KOR) Has A Fair Chunk Of Debt
Oct 09Does Korab Resources (ASX:KOR) Have A Healthy Balance Sheet?
Mar 24Korab Resources (ASX:KOR) Has A Somewhat Strained Balance Sheet
Jun 30Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden
Mar 17Is Korab Resources (ASX:KOR) A Risky Investment?
Oct 14Is Korab Resources (ASX:KOR) A Risky Investment?
Mar 17Financial Position Analysis
Short Term Liabilities: KOR's short term assets (A$219.6K) do not cover its short term liabilities (A$238.1K).
Long Term Liabilities: KOR's short term assets (A$219.6K) do not cover its long term liabilities (A$3.7M).
Debt to Equity History and Analysis
Debt Level: KOR's net debt to equity ratio (480.6%) is considered high.
Reducing Debt: KOR's debt to equity ratio has increased from 87.3% to 488.8% 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: KOR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: KOR has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.9% each year.