Summit Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Summit Minerals has a total shareholder equity of A$13.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$13.3M and A$205.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.23m |
| Equity | AU$13.14m |
| Total liabilities | AU$205.93k |
| Total assets | AU$13.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUMO's short term assets (A$4.9M) exceed its short term liabilities (A$205.9K).
Long Term Liabilities: SUMO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SUMO is debt free.
Reducing Debt: SUMO has not had any debt for 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: SUMO has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SUMO has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 71.2% each year.