Western Mines Group Balance Sheet Health
Financial Health criteria checks 6/6
Western Mines Group has a total shareholder equity of A$9.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$11.7M and A$2.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.13m |
| Equity | AU$9.65m |
| Total liabilities | AU$2.09m |
| Total assets | AU$11.74m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WMG's short term assets (A$2.5M) exceed its short term liabilities (A$2.1M).
Long Term Liabilities: WMG's short term assets (A$2.5M) exceed its long term liabilities (A$2.9K).
Debt to Equity History and Analysis
Debt Level: WMG is debt free.
Reducing Debt: WMG 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: WMG has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WMG is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.