Solstice Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Solstice Minerals has a total shareholder equity of A$20.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$21.9M and A$1.3M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$17.58m
Equity	AU$20.60m
Total liabilities	AU$1.30m
Total assets	AU$21.90m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SLS's short term assets (A$17.7M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: SLS's short term assets (A$17.7M) exceed its long term liabilities (A$50.8K).

Debt to Equity History and Analysis

Debt Level: SLS is debt free.

Reducing Debt: SLS currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: SLS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SLS has no debt, therefore coverage of interest payments is not a concern.

Solstice Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Solstice Minerals Limited Ordinary Shares to Be Delisted from OTC Equity

Recent updates

Solstice Minerals Limited, Annual General Meeting, Nov 11, 2024

Non-Executive Chairman recently bought AU$136k worth of stock

Northern Star (Carosue Dam) Pty Limited entered into a binding sale and purchase agreement to acquire 80% stake in Hobbes exploration licence E31/1117 from Solstice Minerals Limited (ASX:SLS) for AUD 10 million.

Northern Star (Carosue Dam) Pty Limited entered into a binding sale and purchase agreement to acquire 80% stake in Hobbes exploration licence E31/1117 from Solstice Minerals Limited (ASX:SLS) for AUD 10 million.

New major risk - Share price stability

Solstice Minerals Limited Ordinary Shares to Be Delisted from OTC Equity

Marquee Resources Limited (ASX:MQR) entered into a binding Tenement Sale Agreement to acquire Four exploration licenses of Solstice Minerals Limited for AUD 1 million.

Marquee Resources Limited (ASX:MQR) entered into a binding Tenement Sale Agreement to acquire Four exploration licenses of Solstice Minerals Limited for AUD 1 million.

New minor risk - Financial data availability

New minor risk - Financial data availability

Solstice Minerals Limited, Annual General Meeting, Nov 09, 2023

Solstice Minerals Limited Announces Appointment of Michael Emery as Non-Executive Director

Solstice Minerals Limited Appoints Silfia Morton as Chief Financial Officer

Less than half of directors are independent

Solstice Minerals Limited Appoints David Nicholas (Nick) Castleden as Director

Solstice Minerals Limited Departure of Tania Cheng as Chief Financial Officer

Solstice Minerals Limited Appoints Nick Castleden as Managing Director

Solstice Minerals Limited Announces Massive Sulphide Intersections in Nickel Drilling At GSP Prospect, Ringlock Dam, Eastern Goldfields

Solstice Minerals Limited Announces Assay Results Receive from the Recent Diamond Drilling Program At the Hobbes Gold Prospect

Solstice Minerals Limited Announces Intersection of Encouraging Primary Gold Mineralisation from Diamond Drilling Assay Results Received to Date At the Hobbes Gold Prospect

High number of new and inexperienced directors

Solstice Minerals Limited, Annual General Meeting, Nov 16, 2022

Solstice Minerals Limited Announces Significant Gold Mineralisation in RC Drilling At Hobbes

Solstice Minerals Limited Receives Recent Soil Sampling Program over the Cosmo East and Cosmo North

Solstice Minerals Limited Announces Significant Gold Anomalies Confirmed by Infill Soil Sampling At the Nippon Licence, Ponton Project

Solstice Minerals Limited Appoints John McIntyre as Chief Geologist

High number of new and inexperienced directors

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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