Octava Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Octava Minerals has a total shareholder equity of A$5.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.1M and A$64.1K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.48m |
| Equity | AU$5.07m |
| Total liabilities | AU$64.15k |
| Total assets | AU$5.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCT's short term assets (A$1.5M) exceed its short term liabilities (A$64.1K).
Long Term Liabilities: OCT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OCT is debt free.
Reducing Debt: OCT has not had any debt for past 5 years.
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: OCT has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OCT is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.