Highfield Resources Balance Sheet Health
Financial Health criteria checks 3/6
Highfield Resources has a total shareholder equity of A$143.3M and total debt of A$32.7M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are A$203.9M and A$60.6M respectively.
Key information
22.8%
Debt to equity ratio
AU$32.68m
Debt
Interest coverage ratio | n/a |
Cash | AU$14.08m |
Equity | AU$143.29m |
Total liabilities | AU$60.62m |
Total assets | AU$203.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HFR's short term assets (A$42.3M) exceed its short term liabilities (A$26.8M).
Long Term Liabilities: HFR's short term assets (A$42.3M) exceed its long term liabilities (A$33.8M).
Debt to Equity History and Analysis
Debt Level: HFR's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: HFR's debt to equity ratio has increased from 0% to 22.8% 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: HFR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HFR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.7% each year