Minerals 260 Balance Sheet Health
Financial Health criteria checks 6/6
Minerals 260 has a total shareholder equity of A$10.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$12.0M and A$1.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$11.10m |
| Equity | AU$10.87m |
| Total liabilities | AU$1.18m |
| Total assets | AU$12.05m |
Financial Position Analysis
Short Term Liabilities: MI6's short term assets (A$11.3M) exceed its short term liabilities (A$656.8K).
Long Term Liabilities: MI6's short term assets (A$11.3M) exceed its long term liabilities (A$520.9K).
Debt to Equity History and Analysis
Debt Level: MI6 is debt free.
Reducing Debt: MI6 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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 1.8 years if free cash flow continues to reduce at historical rates of 9.6% each year.