29Metals Balance Sheet Health
Financial Health criteria checks 1/6
29Metals has a total shareholder equity of A$315.6M and total debt of A$216.8M, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are A$888.6M and A$573.0M respectively.
Key information
68.7%
Debt to equity ratio
AU$216.80m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$97.22m |
| Equity | AU$315.65m |
| Total liabilities | AU$572.97m |
| Total assets | AU$888.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 29M's short term assets (A$227.3M) do not cover its short term liabilities (A$255.4M).
Long Term Liabilities: 29M's short term assets (A$227.3M) do not cover its long term liabilities (A$317.5M).
Debt to Equity History and Analysis
Debt Level: 29M's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 29M's debt to equity ratio has reduced 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: 29M has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 29M has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.