Strike Resources Balance Sheet Health
Financial Health criteria checks 2/6
Strike Resources has a total shareholder equity of A$4.4M and total debt of A$10.5M, which brings its debt-to-equity ratio to 240.4%. Its total assets and total liabilities are A$18.7M and A$14.4M respectively.
Key information
240.4%
Debt to equity ratio
AU$10.55m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.79m |
| Equity | AU$4.39m |
| Total liabilities | AU$14.36m |
| Total assets | AU$18.75m |
Recent financial health updates
Is Strike Resources (ASX:SRK) A Risky Investment?
Oct 05
We're Not Very Worried About Strike Resources' (ASX:SRK) Cash Burn Rate
Sep 07Companies Like Strike Resources (ASX:SRK) Are In A Position To Invest In Growth
May 13Strike Resources (ASX:SRK) Is In A Good Position To Deliver On Growth Plans
Dec 06Recent updates
We Think Strike Resources Limited's (ASX:SRK) CEO Compensation Package Needs To Be Put Under A Microscope
Nov 24Is Strike Resources (ASX:SRK) A Risky Investment?
Oct 05Strike Resources' (ASX:SRK) Earnings Are Built On Soft Foundations
Oct 03We're Not Very Worried About Strike Resources' (ASX:SRK) Cash Burn Rate
Sep 07Companies Like Strike Resources (ASX:SRK) Are In A Position To Invest In Growth
May 13Our Take On Strike Resources' (ASX:SRK) CEO Salary
Jan 28Strike Resources (ASX:SRK) Is In A Good Position To Deliver On Growth Plans
Dec 06Financial Position Analysis
Short Term Liabilities: SRK's short term assets (A$18.0M) exceed its short term liabilities (A$14.4M).
Long Term Liabilities: SRK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRK's net debt to equity ratio (199.6%) is considered high.
Reducing Debt: SRK's debt to equity ratio has increased from 0% to 240.4% 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: SRK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SRK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.3% each year