Surefire Resources Balance Sheet Health
Financial Health criteria checks 5/6
Surefire Resources has a total shareholder equity of A$3.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$16.2M and A$13.0M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.66m |
| Equity | AU$3.19m |
| Total liabilities | AU$12.98m |
| Total assets | AU$16.17m |
Recent financial health updates
Is Surefire Resources (ASX:SRN) In A Good Position To Deliver On Growth Plans?
Mar 24
Will Surefire Resources (ASX:SRN) Spend Its Cash Wisely?
Aug 11Is Surefire Resources (ASX:SRN) In A Good Position To Deliver On Growth Plans?
Apr 28Recent updates
Is Surefire Resources (ASX:SRN) In A Good Position To Deliver On Growth Plans?
Mar 24Will Surefire Resources (ASX:SRN) Spend Its Cash Wisely?
Aug 11Is Surefire Resources (ASX:SRN) In A Good Position To Deliver On Growth Plans?
Apr 28How Many Surefire Resources NL (ASX:SRN) Shares Have Insiders Sold, In The Last Year?
Mar 11Financial Position Analysis
Short Term Liabilities: SRN's short term assets (A$3.3M) do not cover its short term liabilities (A$12.9M).
Long Term Liabilities: SRN's short term assets (A$3.3M) exceed its long term liabilities (A$80.2K).
Debt to Equity History and Analysis
Debt Level: SRN is debt free.
Reducing Debt: SRN 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: SRN has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SRN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.