Austral Resources Australia Balance Sheet Health
Financial Health criteria checks 1/6
Austral Resources Australia has a total shareholder equity of A$-7.2M and total debt of A$58.8M, which brings its debt-to-equity ratio to -814.4%. Its total assets and total liabilities are A$141.1M and A$148.3M respectively. Austral Resources Australia's EBIT is A$14.5M making its interest coverage ratio 1.7. It has cash and short-term investments of A$2.4M.
Key information
-814.4%
Debt to equity ratio
AU$58.77m
Debt
| Interest coverage ratio | 1.7x |
| Cash | AU$2.43m |
| Equity | -AU$7.22m |
| Total liabilities | AU$148.29m |
| Total assets | AU$141.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AR1 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AR1 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AR1 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AR1's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AR1's debt is well covered by operating cash flow (34.3%).
Interest Coverage: AR1's interest payments on its debt are not well covered by EBIT (1.7x coverage).