Mandrake Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandrake Resources has a total shareholder equity of A$23.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$23.8M and A$201.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$15.29m |
| Equity | AU$23.62m |
| Total liabilities | AU$201.24k |
| Total assets | AU$23.82m |
Recent financial health updates
We Think Mandrake Resources (ASX:MAN) Can Easily Afford To Drive Business Growth
Jun 30
We're Interested To See How Mandrake Resources (ASX:MAN) Uses Its Cash Hoard To Grow
Feb 01Companies Like Mandrake Resources (ASX:MAN) Are In A Position To Invest In Growth
Aug 20Mandrake Resources (ASX:MAN) Is In A Strong Position To Grow Its Business
Sep 15We're Not Worried About Mandrake Resources' (ASX:MAN) Cash Burn
May 28We're Hopeful That Mandrake Resources (ASX:MAN) Will Use Its Cash Wisely
Feb 12
Recent updates
We Think Mandrake Resources (ASX:MAN) Can Easily Afford To Drive Business Growth
Jun 30We're Interested To See How Mandrake Resources (ASX:MAN) Uses Its Cash Hoard To Grow
Feb 01Companies Like Mandrake Resources (ASX:MAN) Are In A Position To Invest In Growth
Aug 20Mandrake Resources (ASX:MAN) Is In A Strong Position To Grow Its Business
Sep 15We're Not Worried About Mandrake Resources' (ASX:MAN) Cash Burn
May 28We're Hopeful That Mandrake Resources (ASX:MAN) Will Use Its Cash Wisely
Feb 12Financial Position Analysis
Short Term Liabilities: MAN's short term assets (A$15.4M) exceed its short term liabilities (A$201.2K).
Long Term Liabilities: MAN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAN is debt free.
Reducing Debt: MAN 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: MAN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MAN has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 41% each year.