Asara Resources Balance Sheet Health
Financial Health criteria checks 5/6
Asara Resources has a total shareholder equity of A$26.5M and total debt of A$500.0K, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are A$28.2M and A$1.7M respectively.
Key information
1.9%
Debt to equity ratio
AU$500.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.34m |
| Equity | AU$26.53m |
| Total liabilities | AU$1.68m |
| Total assets | AU$28.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AS1's short term assets (A$4.7M) exceed its short term liabilities (A$1.7M).
Long Term Liabilities: AS1's short term assets (A$4.7M) exceed its long term liabilities (A$8.1K).
Debt to Equity History and Analysis
Debt Level: AS1 has more cash than its total debt.
Reducing Debt: AS1's debt to equity ratio has increased from 0% to 1.9% 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: AS1 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AS1 is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.