Ionic Rare Earths Balance Sheet Health

Financial Health criteria checks 6/6

Ionic Rare Earths has a total shareholder equity of A$36.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$37.6M and A$1.1M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$4.94m
Equity	AU$36.51m
Total liabilities	AU$1.06m
Total assets	AU$37.57m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: IXR's short term assets (A$6.3M) exceed its short term liabilities (A$688.9K).

Long Term Liabilities: IXR's short term assets (A$6.3M) exceed its long term liabilities (A$373.1K).

Debt to Equity History and Analysis

Debt Level: IXR is debt free.

Reducing Debt: IXR 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: IXR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: IXR is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Ionic Rare Earths Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024

New minor risk - Financial data availability

New minor risk - Share price stability

Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.

Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024

Ionic Rare Earths Limited has completed a Follow-on Equity Offering.

Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited.

Forecast to breakeven in 2026

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million.

New major risk - Share price stability

Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023

No longer forecast to breakeven

New minor risk - Shareholder dilution

New major risk - Financial position

Ionic Rare Earths Limited Announces Board Changes

New major risk - Revenue and earnings growth

Ionic Rare Earths Limited Appoints Tommie Van Der Walt as Chief Operating Officer

High number of new and inexperienced directors

Ionic Rare Earths Limited Appoints Sufian Ahmad as A Non-Executive Director

Ionic Rare Earths Limited Provides Update on U.S. Downstream Strategy

Ionic Rare Earths Limited Provides Ionic Technologies International Ltd Project Update

High number of new and inexperienced directors

Forecast to breakeven in 2025

Ionic Rare Earths Limited, Annual General Meeting, Nov 11, 2022

Ionic Rare Earths Limited Provides Makuutu Rare Earth Project Update

Ionic Rare Earths Limited Announces the Updated Exploration Target and the Associated Planning of the Phase 5 Exploration Program At Its 51% Owned Makuutu Rare Earths Project

High number of new and inexperienced directors

Ionic Rare Earths Limited Announces the Receipt of Assays for Tranche Three of the 8,220 Metre Phase 4 Drill Program Completed in October At the Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited Provides High Grade Infill Drill Results from Makuutu

Ionic Rare Earths Limited Reports Phase 3 Drilling Results At Makuutu Rare Earths Project

Ionic Rare Earths Limited Advises the Receipt of Assays from the Phase 3 Rotary Air Blast Exploration Drill Program At Its 51% Owned Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited to Provide an Update on the Progress on the Phase 4 Drilling Program for its 51% Owned Makuutu Rare Earths Project

Ionic Rare Earths Limited Updates Phase 4 Drill Program Commenced At Makuutu

Ionic Rare Earths Limited Announces Phase 3 Exploration Program to Commence at Makuutu

Ionic Rare Earths Limited Announces Mineral Resource Estimate Increased Threefold at Makuutu

Ionic Rare Earths Limited Announces Makuutu Rare Earths Extension and Infill Drill Results

Ionic Rare Earths Limited Updates on Makuutu Retention Licence

Ionic Rare Earths Limited Announces Tranche 5 Drilling Results Confirm Mineralisation in Makuutu Western Zone

Ionic Rare Earths Limited Announces Appointment of Tim Harrison as Managing Director

Ionic Rare Earths Limited Announces Licence Renewal and Extension Applications Approved

Ionic Rare Earths Limited Provides an Update on the Receipt of Drill Assays from the Recently Completed Phase 2 Drill Program at its 51% Owned Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited Provides an Update on the Progress of the Phase 2 Drill Program At the Makuutu Rare Earths Project in Uganda

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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