Canterbury Resources Balance Sheet Health
Financial Health criteria checks 5/6
Canterbury Resources has a total shareholder equity of A$11.2M and total debt of A$400.0K, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are A$12.5M and A$1.2M respectively.
Key information
3.6%
Debt to equity ratio
AU$400.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$753.02k |
| Equity | AU$11.24m |
| Total liabilities | AU$1.25m |
| Total assets | AU$12.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CBY's short term assets (A$1.4M) exceed its short term liabilities (A$1.2M).
Long Term Liabilities: CBY's short term assets (A$1.4M) exceed its long term liabilities (A$35.7K).
Debt to Equity History and Analysis
Debt Level: CBY has more cash than its total debt.
Reducing Debt: CBY's debt to equity ratio has increased from 0% to 3.6% 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: CBY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CBY is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.