Firetail Resources Balance Sheet Health
Financial Health criteria checks 6/6
Firetail Resources has a total shareholder equity of A$21.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$22.2M and A$783.6K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.70m |
| Equity | AU$21.37m |
| Total liabilities | AU$783.59k |
| Total assets | AU$22.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTL's short term assets (A$4.8M) exceed its short term liabilities (A$752.6K).
Long Term Liabilities: FTL's short term assets (A$4.8M) exceed its long term liabilities (A$31.0K).
Debt to Equity History and Analysis
Debt Level: FTL is debt free.
Reducing Debt: FTL 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: FTL has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FTL is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.