Middle Island Resources Balance Sheet Health
Financial Health criteria checks 6/6
Middle Island Resources has a total shareholder equity of A$4.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$4.1M and A$151.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$3.35m |
| Equity | AU$3.97m |
| Total liabilities | AU$151.52k |
| Total assets | AU$4.12m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MDI's short term assets (A$3.5M) exceed its short term liabilities (A$151.5K).
Long Term Liabilities: MDI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MDI is debt free.
Reducing Debt: MDI has no debt compared to 5 years ago when its debt to equity ratio was 1%.
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 1.5 years if free cash flow continues to reduce at historical rates of 0.2% each year.