Tasman Resources Balance Sheet Health
Financial Health criteria checks 1/6
Tasman Resources has a total shareholder equity of A$21.0M and total debt of A$11.7M, which brings its debt-to-equity ratio to 55.6%. Its total assets and total liabilities are A$34.9M and A$13.9M respectively.
Key information
55.6%
Debt to equity ratio
AU$11.67m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.47m |
| Equity | AU$21.00m |
| Total liabilities | AU$13.91m |
| Total assets | AU$34.91m |
Financial Position Analysis
Short Term Liabilities: TAS's short term assets (A$7.0M) do not cover its short term liabilities (A$13.8M).
Long Term Liabilities: TAS's short term assets (A$7.0M) exceed its long term liabilities (A$119.6K).
Debt to Equity History and Analysis
Debt Level: TAS's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: TAS's debt to equity ratio has increased from 3.1% to 55.6% 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: TAS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TAS has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.8% each year.