Mount Ridley Mines Balance Sheet Health
Financial Health criteria checks 4/6
Mount Ridley Mines has a total shareholder equity of A$4.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.3M and A$612.3K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.79m |
| Equity | AU$4.72m |
| Total liabilities | AU$612.33k |
| Total assets | AU$5.33m |
Financial Position Analysis
Short Term Liabilities: MRD's short term assets (A$3.0M) exceed its short term liabilities (A$606.5K).
Long Term Liabilities: MRD's short term assets (A$3.0M) exceed its long term liabilities (A$5.9K).
Debt to Equity History and Analysis
Debt Level: MRD is debt free.
Reducing Debt: MRD 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: MRD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MRD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.4% each year