Calidus Resources Balance Sheet Health
Financial Health criteria checks 2/6
Calidus Resources has a total shareholder equity of A$135.0M and total debt of A$69.0M, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are A$317.9M and A$182.9M respectively.
Key information
51.1%
Debt to equity ratio
AU$69.00m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.04m |
| Equity | AU$135.03m |
| Total liabilities | AU$182.88m |
| Total assets | AU$317.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAI's short term assets (A$37.8M) do not cover its short term liabilities (A$67.9M).
Long Term Liabilities: CAI's short term assets (A$37.8M) do not cover its long term liabilities (A$115.0M).
Debt to Equity History and Analysis
Debt Level: CAI's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: CAI's debt to equity ratio has increased from 0.03% to 51.1% 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: Whilst unprofitable CAI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CAI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18.6% per year.