DevEx Resources Balance Sheet Health

Financial Health criteria checks 5/6

DevEx Resources has a total shareholder equity of A$22.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$26.3M and A$3.4M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$16.77m
EquityAU$22.88m
Total liabilitiesAU$3.43m
Total assetsAU$26.31m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: DEV's short term assets (A$17.5M) exceed its short term liabilities (A$2.3M).

Long Term Liabilities: DEV's short term assets (A$17.5M) exceed its long term liabilities (A$1.1M).


Debt to Equity History and Analysis

Debt Level: DEV is debt free.

Reducing Debt: DEV had no debt 5 years ago.


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: DEV has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: DEV has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.6% each year


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