Heavy Minerals Balance Sheet Health
Financial Health criteria checks 1/6
Heavy Minerals has a total shareholder equity of A$3.2M and total debt of A$760.0K, which brings its debt-to-equity ratio to 23.7%. Its total assets and total liabilities are A$4.4M and A$1.2M respectively.
Key information
23.7%
Debt to equity ratio
AU$760.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$47.48k |
| Equity | AU$3.21m |
| Total liabilities | AU$1.19m |
| Total assets | AU$4.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HVY's short term assets (A$400.8K) do not cover its short term liabilities (A$420.8K).
Long Term Liabilities: HVY's short term assets (A$400.8K) do not cover its long term liabilities (A$768.7K).
Debt to Equity History and Analysis
Debt Level: HVY's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HVY'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: HVY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HVY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.8% each year