Manuka Resources Balance Sheet Health
Financial Health criteria checks 3/6
Manuka Resources has a total shareholder equity of A$13.4M and total debt of A$27.7M, which brings its debt-to-equity ratio to 207.5%. Its total assets and total liabilities are A$60.3M and A$47.0M respectively.
Key information
207.5%
Debt to equity ratio
AU$27.73m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$551.20k |
| Equity | AU$13.36m |
| Total liabilities | AU$46.97m |
| Total assets | AU$60.34m |
Financial Position Analysis
Short Term Liabilities: MKR's short term assets (A$1.9M) do not cover its short term liabilities (A$38.9M).
Long Term Liabilities: MKR's short term assets (A$1.9M) do not cover its long term liabilities (A$8.1M).
Debt to Equity History and Analysis
Debt Level: MKR's net debt to equity ratio (203.4%) is considered high.
Reducing Debt: MKR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: MKR has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MKR is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.