Sovereign Metals Balance Sheet Health
Financial Health criteria checks 6/6
Sovereign Metals has a total shareholder equity of A$44.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$45.6M and A$1.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$39.44m |
| Equity | AU$44.26m |
| Total liabilities | AU$1.38m |
| Total assets | AU$45.65m |
Recent financial health updates
Here's Why We're Watching Sovereign Metals' (ASX:SVM) Cash Burn Situation
Jun 14
Companies Like Sovereign Metals (ASX:SVM) Are In A Position To Invest In Growth
Jan 28We Think Sovereign Metals (ASX:SVM) Needs To Drive Business Growth Carefully
Sep 28Will Sovereign Metals (ASX:SVM) Spend Its Cash Wisely?
May 11Here's Why We're Not Too Worried About Sovereign Metals' (ASX:SVM) Cash Burn Situation
Jan 23We Think Sovereign Metals (ASX:SVM) Needs To Drive Business Growth Carefully
Aug 26Recent updates
Here's Why We're Watching Sovereign Metals' (ASX:SVM) Cash Burn Situation
Jun 14Companies Like Sovereign Metals (ASX:SVM) Are In A Position To Invest In Growth
Jan 28We Think Sovereign Metals (ASX:SVM) Needs To Drive Business Growth Carefully
Sep 28Will Sovereign Metals (ASX:SVM) Spend Its Cash Wisely?
May 11Here's Why We're Not Too Worried About Sovereign Metals' (ASX:SVM) Cash Burn Situation
Jan 23We Think Sovereign Metals (ASX:SVM) Needs To Drive Business Growth Carefully
Aug 26We're Keeping An Eye On Sovereign Metals' (ASX:SVM) Cash Burn Rate
May 12Is Sovereign Metals (ASX:SVM) In A Good Position To Invest In Growth?
Jan 19
Financial Position Analysis
Short Term Liabilities: SVM's short term assets (A$40.0M) exceed its short term liabilities (A$1.4M).
Long Term Liabilities: SVM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SVM is debt free.
Reducing Debt: SVM 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: SVM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SVM has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 23.6% each year.