Trinex Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Trinex Minerals has a total shareholder equity of A$16.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$17.3M and A$675.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$3.66m |
| Equity | AU$16.66m |
| Total liabilities | AU$675.94k |
| Total assets | AU$17.33m |
Financial Position Analysis
Short Term Liabilities: TX3's short term assets (A$3.7M) exceed its short term liabilities (A$563.1K).
Long Term Liabilities: TX3's short term assets (A$3.7M) exceed its long term liabilities (A$112.9K).
Debt to Equity History and Analysis
Debt Level: TX3 is debt free.
Reducing Debt: TX3 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: TX3 has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TX3 is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.