Miramar Resources Balance Sheet Health
Financial Health criteria checks 6/6
Miramar Resources has a total shareholder equity of A$9.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$9.4M and A$258.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$546.29k |
| Equity | AU$9.11m |
| Total liabilities | AU$258.16k |
| Total assets | AU$9.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M2R's short term assets (A$857.6K) exceed its short term liabilities (A$252.4K).
Long Term Liabilities: M2R's short term assets (A$857.6K) exceed its long term liabilities (A$5.7K).
Debt to Equity History and Analysis
Debt Level: M2R is debt free.
Reducing Debt: M2R 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: M2R has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: M2R is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.