Argent Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Argent Minerals has a total shareholder equity of A$3.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.9M and A$162.0K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$3.39m |
| Equity | AU$3.75m |
| Total liabilities | AU$162.05k |
| Total assets | AU$3.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARD's short term assets (A$3.5M) exceed its short term liabilities (A$162.0K).
Long Term Liabilities: ARD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ARD is debt free.
Reducing Debt: ARD has not had any debt for 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: ARD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ARD has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 4.3% each year.