Arika Resources Balance Sheet Health
Financial Health criteria checks 5/6
Arika Resources has a total shareholder equity of A$9.4M and total debt of A$150.1K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are A$9.7M and A$290.6K respectively.
Key information
1.6%
Debt to equity ratio
AU$150.08k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.18m |
| Equity | AU$9.42m |
| Total liabilities | AU$290.63k |
| Total assets | AU$9.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARI's short term assets (A$2.3M) exceed its short term liabilities (A$290.6K).
Long Term Liabilities: ARI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ARI has more cash than its total debt.
Reducing Debt: ARI's debt to equity ratio has increased from 0% to 1.6% 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: ARI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ARI is forecast to have sufficient cash runway for 12 months based on free cash flow estimates, but has since raised additional capital.