Poseidon Nickel Balance Sheet Health
Financial Health criteria checks 3/6
Poseidon Nickel has a total shareholder equity of A$34.7M and total debt of A$283.0K, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are A$100.3M and A$65.6M respectively.
Key information
0.8%
Debt to equity ratio
AU$283.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$3.00m |
Equity | AU$34.70m |
Total liabilities | AU$65.58m |
Total assets | AU$100.27m |
Recent financial health updates
Is Poseidon Nickel (ASX:POS) In A Good Position To Deliver On Growth Plans?
Jul 18Here's Why We're Watching Poseidon Nickel's (ASX:POS) Cash Burn Situation
Jul 05We're Not Very Worried About Poseidon Nickel's (ASX:POS) Cash Burn Rate
Jun 29We're Hopeful That Poseidon Nickel (ASX:POS) Will Use Its Cash Wisely
Mar 02Recent updates
Is Poseidon Nickel (ASX:POS) In A Good Position To Deliver On Growth Plans?
Jul 18Here's Why We're Watching Poseidon Nickel's (ASX:POS) Cash Burn Situation
Jul 05We're Not Very Worried About Poseidon Nickel's (ASX:POS) Cash Burn Rate
Jun 29We're Hopeful That Poseidon Nickel (ASX:POS) Will Use Its Cash Wisely
Mar 02What Type Of Shareholders Own The Most Number of Poseidon Nickel Limited (ASX:POS) Shares?
Jan 26How Much Are Poseidon Nickel Limited (ASX:POS) Insiders Taking Off The Table?
Dec 04Financial Position Analysis
Short Term Liabilities: POS's short term assets (A$4.3M) exceed its short term liabilities (A$1.7M).
Long Term Liabilities: POS's short term assets (A$4.3M) do not cover its long term liabilities (A$63.9M).
Debt to Equity History and Analysis
Debt Level: POS has more cash than its total debt.
Reducing Debt: POS's debt to equity ratio has reduced from 29.1% to 0.8% over the 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: POS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: POS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.1% each year