West Wits Mining Balance Sheet Health
Financial Health criteria checks 5/6
West Wits Mining has a total shareholder equity of A$25.1M and total debt of A$60.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$28.2M and A$3.1M respectively.
Key information
0.2%
Debt to equity ratio
AU$60.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.41m |
| Equity | AU$25.13m |
| Total liabilities | AU$3.10m |
| Total assets | AU$28.23m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WWI's short term assets (A$1.5M) do not cover its short term liabilities (A$2.4M).
Long Term Liabilities: WWI's short term assets (A$1.5M) exceed its long term liabilities (A$732.0K).
Debt to Equity History and Analysis
Debt Level: WWI has more cash than its total debt.
Reducing Debt: WWI's debt to equity ratio has reduced from 1.2% to 0.2% 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: WWI has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WWI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.