DeSoto Resources Balance Sheet Health
Financial Health criteria checks 6/6
DeSoto Resources has a total shareholder equity of A$9.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$9.6M and A$511.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.66m |
| Equity | AU$9.04m |
| Total liabilities | AU$511.54k |
| Total assets | AU$9.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DES's short term assets (A$5.8M) exceed its short term liabilities (A$408.8K).
Long Term Liabilities: DES's short term assets (A$5.8M) exceed its long term liabilities (A$102.7K).
Debt to Equity History and Analysis
Debt Level: DES is debt free.
Reducing Debt: DES has not had any debt for 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: DES has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DES has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 59.6% each year.