West Wits Mining Balance Sheet Health
Financial Health criteria checks 3/6
West Wits Mining has a total shareholder equity of A$23.4M and total debt of A$61.0K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are A$26.3M and A$2.9M respectively.
Key information
0.3%
Debt to equity ratio
AU$61.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$1.43m |
Equity | AU$23.38m |
Total liabilities | AU$2.90m |
Total assets | AU$26.28m |
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$2.2M).
Long Term Liabilities: WWI's short term assets (A$1.5M) exceed its long term liabilities (A$685.0K).
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 2.1% to 0.3% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WWI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 29.4% each year