Middle Island Resources Balance Sheet Health
Financial Health criteria checks 6/6
Middle Island Resources has a total shareholder equity of A$4.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$4.3M and A$135.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$2.53m |
Equity | AU$4.18m |
Total liabilities | AU$135.82k |
Total assets | AU$4.31m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MDI's short term assets (A$2.6M) exceed its short term liabilities (A$135.8K).
Long Term Liabilities: MDI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MDI is debt free.
Reducing Debt: MDI 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: MDI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MDI has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 5% each year.