Equinox Resources Balance Sheet Health
Financial Health criteria checks 4/6
Equinox Resources has a total shareholder equity of A$18.9M and total debt of A$4.2K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are A$19.3M and A$454.1K respectively.
Key information
0.02%
Debt to equity ratio
AU$4.17k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.26m |
| Equity | AU$18.88m |
| Total liabilities | AU$454.08k |
| Total assets | AU$19.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQN's short term assets (A$5.4M) exceed its short term liabilities (A$444.2K).
Long Term Liabilities: EQN's short term assets (A$5.4M) exceed its long term liabilities (A$9.8K).
Debt to Equity History and Analysis
Debt Level: EQN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if EQN's debt to equity ratio has reduced 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: EQN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EQN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.8% each year