Minerals 260 Balance Sheet Health
Financial Health criteria checks 6/6
Minerals 260 has a total shareholder equity of A$13.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.7M and A$1.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$13.64m |
| Equity | AU$13.51m |
| Total liabilities | AU$1.22m |
| Total assets | AU$14.73m |
Financial Position Analysis
Short Term Liabilities: MI6's short term assets (A$13.9M) exceed its short term liabilities (A$636.5K).
Long Term Liabilities: MI6's short term assets (A$13.9M) exceed its long term liabilities (A$578.7K).
Debt to Equity History and Analysis
Debt Level: MI6 is debt free.
Reducing Debt: MI6 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: MI6 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MI6 has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 21.1% each year.