C29 Metals Balance Sheet Health
Financial Health criteria checks 3/6
C29 Metals has a total shareholder equity of A$7.4M and total debt of A$15.5K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$7.7M and A$234.2K respectively.
Key information
0.2%
Debt to equity ratio
AU$15.47k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.23m |
| Equity | AU$7.44m |
| Total liabilities | AU$234.19k |
| Total assets | AU$7.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C29's short term assets (A$2.4M) exceed its short term liabilities (A$234.2K).
Long Term Liabilities: C29 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: C29 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if C29's debt to equity ratio has reduced 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: C29 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: C29 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.9% each year