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 ration/a
CashAU$63.55k
EquityAU$775.92k
Total liabilitiesAU$3.98m
Total assetsAU$4.76m

Recent financial health updates

Recent updates

Would Korab Resources (ASX:KOR) Be Better Off With Less Debt?

Apr 13
Would Korab Resources (ASX:KOR) Be Better Off With Less Debt?

We Think Korab Resources (ASX:KOR) Has A Fair Chunk Of Debt

Oct 09
We Think Korab Resources (ASX:KOR) Has A Fair Chunk Of Debt

Does Korab Resources (ASX:KOR) Have A Healthy Balance Sheet?

Mar 24
Does Korab Resources (ASX:KOR) Have A Healthy Balance Sheet?

Korab Resources (ASX:KOR) Has A Somewhat Strained Balance Sheet

Jun 30
Korab Resources (ASX:KOR) Has A Somewhat Strained Balance Sheet

Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden

Mar 17
Here's Why Korab Resources (ASX:KOR) Has A Meaningful Debt Burden

Is Korab Resources (ASX:KOR) A Risky Investment?

Oct 14
Is Korab Resources (ASX:KOR) A Risky Investment?

Is Korab Resources (ASX:KOR) A Risky Investment?

Mar 17
Is Korab Resources (ASX:KOR) A Risky Investment?

Financial 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: Insufficient data to determine if KOR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KOR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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