Ardea Resources Balance Sheet Health
Financial Health criteria checks 4/6
Ardea Resources has a total shareholder equity of A$55.2M and total debt of A$904.2K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are A$59.8M and A$4.6M respectively.
Key information
1.6%
Debt to equity ratio
AU$904.23k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$14.85m |
| Equity | AU$55.17m |
| Total liabilities | AU$4.61m |
| Total assets | AU$59.78m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARL's short term assets (A$16.0M) exceed its short term liabilities (A$4.5M).
Long Term Liabilities: ARL's short term assets (A$16.0M) exceed its long term liabilities (A$155.6K).
Debt to Equity History and Analysis
Debt Level: ARL has more cash than its total debt.
Reducing Debt: ARL'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: ARL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ARL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3.6% each year