Suvo Strategic Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Suvo Strategic Minerals has a total shareholder equity of A$13.1M and total debt of A$1.8M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are A$21.3M and A$8.2M respectively.
Key information
14.0%
Debt to equity ratio
AU$1.84m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.78m |
Equity | AU$13.14m |
Total liabilities | AU$8.15m |
Total assets | AU$21.29m |
Financial Position Analysis
Short Term Liabilities: SUV's short term assets (A$6.0M) exceed its short term liabilities (A$5.1M).
Long Term Liabilities: SUV's short term assets (A$6.0M) exceed its long term liabilities (A$3.0M).
Debt to Equity History and Analysis
Debt Level: SUV's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: SUV's debt to equity ratio has increased from 0% to 14% 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: SUV has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SUV is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.