Silver Mines Balance Sheet Health

Financial Health criteria checks 6/6

Silver Mines has a total shareholder equity of A$137.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$138.7M and A$1.1M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$11.07m
Equity	AU$137.61m
Total liabilities	AU$1.13m
Total assets	AU$138.74m

Recent financial health updates

Recent updates

We Think Silver Mines (ASX:SVL) Needs To Drive Business Growth Carefully

Jan 23

We're Hopeful That Silver Mines (ASX:SVL) Will Use Its Cash Wisely

Jun 15

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

Feb 02

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

Oct 05

Statutory Earnings May Not Be The Best Way To Understand Silver Mines' (ASX:SVL) True Position

Sep 30

How Should Investors React To Silver Mines' (ASX:SVL) CEO Pay?

Jan 19

Financial Position Analysis

Short Term Liabilities: SVL's short term assets (A$11.7M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: SVL has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: SVL is debt free.

Reducing Debt: SVL has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.

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: SVL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SVL has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 19.4% each year.

Silver Mines Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

We Think Silver Mines (ASX:SVL) Needs To Drive Business Growth Carefully

We're Hopeful That Silver Mines (ASX:SVL) Will Use Its Cash Wisely

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

Recent updates

New major risk - Share price stability

Silver Mines Limited, Annual General Meeting, Nov 26, 2024

Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2023)

New minor risk - Financial data availability

New minor risk - Share price stability

Silver Mines Limited Announces Appointment of Robert (Rob) Dennis as Non-Executive Director

First half 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2023)

Silver Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 8 million.

Silver Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.

We Think Silver Mines (ASX:SVL) Needs To Drive Business Growth Carefully

Silver Mines Limited, Annual General Meeting, Nov 30, 2023

Silver Mines Limited Announces Managing Director Changes

Silver Mines Limited Appoints Jonathan Battershill as Managing Director, Effective January 1, 2024

Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.01 loss in FY 2022)

New minor risk - Financial position

We're Hopeful That Silver Mines (ASX:SVL) Will Use Its Cash Wisely

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.006 loss in 1H 2022)

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

Silver Mines Limited Announces Southern Gold Zone Expands to 300m Strike At Bowdens Silver

Silver Mines Limited, Annual General Meeting, Nov 09, 2022

We're Interested To See How Silver Mines (ASX:SVL) Uses Its Cash Hoard To Grow

Full year 2022 earnings released: AU$0.01 loss per share (vs AU$0.005 profit in FY 2021)

Silver Mines Limited Provides an Update on Exploration Drilling Activities At Bowdens Silver Project Located Near Mudgee in New South Wales

Silver Mines Limited announces 42.9Moz Silver Equiv. Resource for Bowdens Underground

Silver Mines Limited announces 42.9Moz Silver Equiv. Resource for Bowdens Underground

Silver Mines Limited Provides an Update on Exploration Activities At the Bowdens Silver Project Located Near Mudgee in New South Wales

Silver Mines Limited Announces Assay Results from the Underground Resource Drilling Program At the Bowdens Silver Project

Silver Mines Limited Commences Drilling at the Barabolar Project in Central New South Wales

High number of new directors

High number of new directors

Silver Mines Limited Appoints Kristen Podagiel as A Non-Executive Director of the Company

Silver Mines Limited Announces Recent Assay Results from the Underground Resource Drilling Program At the Bowdens Silver Project Located Near Mudgee in New South Wales

First half 2022 earnings: EPS misses analyst expectations

Silver Mines Limited Announces Assay Results from Underground Resource Drilling Program at Bowdens Silver Project Located Near Mudgee in New South Wales

Statutory Earnings May Not Be The Best Way To Understand Silver Mines' (ASX:SVL) True Position

Full year 2021 earnings released: EPS AU$0.005 (vs AU$0.004 loss in FY 2020)

MD, Director & Member of Advisory Board exercised options to buy AU$1.4m worth of stock.

Silver Mines Limited Announces Scoping Study Begins on Underground Mining At Bowdens Silver Project

Director Jonathan Battershill has joined 3rd company board

Director Jonathan Battershill has joined 3rd company board

Director Jonathan Battershill has joined 3rd company board

Independent Non-Executive Director has left the company

Silver Mines Limited Announces Significant Drill Assay Results At the Bowdens Silver Project Located Near Mudgee in New South Wales

First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020)

Silver Mines Limited Announces Outstanding High-Grade Drill Results -Bowdens Silver Project

New 90-day high: AU$0.36

Silver Mines Limited Announce Significant Drill Assay Results for the Bowdens Silver Project Located Near Mudgee in New South Wales

How Should Investors React To Silver Mines' (ASX:SVL) CEO Pay?

New 90-day high: AU$0.26

Thomson Resources Ltd (ASX:TMZ) signed binding term sheet to acquire Webbs Silver Project and Conrad Silver Project in New South Wales, Australia from Silver Mines Limited (ASX:SVL) for AUD AUD 5.8 million.

Silver Mines Limited Commences Drilling at Tuena Gold Project

Silver Mines Limited Announces Significant Drill Results from the Bowdens Silver Northwest High-Grade Zone

Full year earnings released - AU$0.0044 loss per share

New 90-day high - AU$0.22

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

Discover healthy companies