Spartan Resources Balance Sheet Health
Financial Health criteria checks 5/6
Spartan Resources has a total shareholder equity of A$105.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$190.2M and A$85.0M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$39.22m |
Equity | AU$105.21m |
Total liabilities | AU$84.98m |
Total assets | AU$190.19m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPR's short term assets (A$45.4M) exceed its short term liabilities (A$4.1M).
Long Term Liabilities: SPR's short term assets (A$45.4M) do not cover its long term liabilities (A$80.9M).
Debt to Equity History and Analysis
Debt Level: SPR is debt free.
Reducing Debt: SPR has no debt compared to 5 years ago when its debt to equity ratio was 61.9%.
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: SPR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPR has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 35.2% each year.