Cannindah Resources Balance Sheet Health

Financial Health criteria checks 5/6

Cannindah Resources has a total shareholder equity of A$14.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$17.8M and A$3.1M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$25.25k
Equity	AU$14.71m
Total liabilities	AU$3.11m
Total assets	AU$17.83m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CAE's short term assets (A$249.3K) do not cover its short term liabilities (A$3.1M).

Long Term Liabilities: CAE's short term assets (A$249.3K) exceed its long term liabilities (A$29.1K).

Debt to Equity History and Analysis

Debt Level: CAE is debt free.

Reducing Debt: CAE has no debt compared to 5 years ago when its debt to equity ratio was 1937.1%.

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: CAE has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CAE is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.

Cannindah Resources Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Cannindah Resources Limited Auditor Raises 'Going Concern' Doubt

Recent updates

Cannindah Resources Limited, Annual General Meeting, Nov 27, 2024

Cannindah Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

New minor risk - Financial data availability

Less than half of directors are independent

First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2023)

Less than half of directors are independent

Less than half of directors are independent

Cannindah Resources Limited, Annual General Meeting, Nov 09, 2023

New minor risk - Financial data availability

Executive Chairman & CEO recently bought AU$63k worth of stock

New major risk - Share price stability

Non-Executive Director recently bought AU$107k worth of stock

Cannindah Resources Limited Complets Assay Results from the Drilling Program Currently Underway At Mt Cannindah

Less than half of directors are independent

Cannindah Resources Limited Announces Assay Results from the Drilling Program Currently Underway At Mt Cannindah, Copper Gold Silver Project South of Gladstone

Cannindah Resources Limited, Annual General Meeting, Nov 10, 2022

Cannindah Resources Limited Auditor Raises 'Going Concern' Doubt

Cannindah Resources Limited Announces Wide Copper-Gold Intervals in Hole 13 Extends Mt Cannindah to South-West

Cannindah Resources Limited Announces Next Set of Completed Assay Results from the Drilling Program Currently Underway at Mt Cannindah

Cannindah Resources Limited Announces the Appointment of Michael Hansel as Director

Cannindah Resources Limited Announces MT Cannindah Hole 11 Continues to Impress at Depth

Cannindah Resources Limited announced that it has received AUD 1 million in funding

Cannindah Resources Limited Announces Some Tremendous Drill Results Demonstrating High Grades over Considerable Down Hole Depths

Exceptional Width and Grade from Surface in Hole 10 at Mount Cannindah 295M @ 0.99% Cu, 0.48 G/T Au, 21 G/T Ag, Translates to 295M @ 1.45%Cueq

Less than half of directors are independent

Cannindah Resources Limited Announces Mt Cannindah Mining Leases Renewed Until 2034

Cannindah Resources Limited Announce the Next Set of Completed Assay Results from the Drilling Program Currently Underway At the Mt Cannindah Copper Gold Silver Project South of Gladstone Near Monto in Central Queensland

Cannindah Resources Limited announced that it expects to receive AUD 1 million in funding

Cannindah Resources Limited Announces Next Set of Completed Assay Results from the Drilling Program Currently Underway at Mt Cannindah, Copper Gold Silver Project South of Gladstone Near Monto

Cannindah Resources Limited Reports Full Results of CAE Holes # 5 & 6

Cannindah Resources Limited Announces Drilling Updated of Vertical Hole in the Northern Sector of the Mt Cannindah Copper-Gold-Silver Breccia Deposit

Cannindah Resources Limited Announces Mt Cannindah Update with More High Grade Copper Results

Cannindah Resources Limited Commences Drilling at Piccadilly Gold Project

Cannindah Resources Hits High Grade Gold in Trenching at Piccadilly

Cannindah Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million.

Cannindah Resources Limited Provides Review of the Mt Cannindah Project in Central Queensland

Cannindah Resources Interprets Positive Historical Drilling Results Publicly Available for the First Time from Piccadilly

Cannindah Resources Limited, Annual General Meeting, Dec 17, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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