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 ration/a
CashAU$3.00m
EquityAU$34.70m
Total liabilitiesAU$65.58m
Total assetsAU$100.27m

Recent financial health updates

Recent updates

Is Poseidon Nickel (ASX:POS) In A Good Position To Deliver On Growth Plans?

Jul 18
Is Poseidon Nickel (ASX:POS) In A Good Position To Deliver On Growth Plans?

Here's Why We're Watching Poseidon Nickel's (ASX:POS) Cash Burn Situation

Jul 05
Here's Why We're Watching Poseidon Nickel's (ASX:POS) Cash Burn Situation

We're Not Very Worried About Poseidon Nickel's (ASX:POS) Cash Burn Rate

Jun 29
We're Not Very Worried About Poseidon Nickel's (ASX:POS) Cash Burn Rate

We're Hopeful That Poseidon Nickel (ASX:POS) Will Use Its Cash Wisely

Mar 02
We're Hopeful That Poseidon Nickel (ASX:POS) Will Use Its Cash Wisely

What Type Of Shareholders Own The Most Number of Poseidon Nickel Limited (ASX:POS) Shares?

Jan 26
What Type Of Shareholders Own The Most Number of Poseidon Nickel Limited (ASX:POS) Shares?

How Much Are Poseidon Nickel Limited (ASX:POS) Insiders Taking Off The Table?

Dec 04
How Much Are Poseidon Nickel Limited (ASX:POS) Insiders Taking Off The Table?

Financial 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


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