Solstice Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Solstice Minerals has a total shareholder equity of A$14.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.9M and A$411.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$8.26m |
Equity | AU$14.47m |
Total liabilities | AU$411.91k |
Total assets | AU$14.88m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLS's short term assets (A$8.3M) exceed its short term liabilities (A$330.6K).
Long Term Liabilities: SLS's short term assets (A$8.3M) exceed its long term liabilities (A$81.3K).
Debt to Equity History and Analysis
Debt Level: SLS is debt free.
Reducing Debt: SLS 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: SLS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SLS has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 68.7% each year.