AuKing Mining Balance Sheet Health
Financial Health criteria checks 5/6
AuKing Mining has a total shareholder equity of A$7.2M and total debt of A$718.8K, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are A$8.3M and A$1.1M respectively.
Key information
9.9%
Debt to equity ratio
AU$718.79k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$112.74k |
| Equity | AU$7.23m |
| Total liabilities | AU$1.07m |
| Total assets | AU$8.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKN's short term assets (A$134.8K) do not cover its short term liabilities (A$1.1M).
Long Term Liabilities: AKN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AKN's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: AKN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: AKN has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AKN is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.