MinRex Resources Balance Sheet Health
Financial Health criteria checks 4/6
MinRex Resources has a total shareholder equity of A$14.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.8M and A$270.4K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.74m |
| Equity | AU$14.53m |
| Total liabilities | AU$270.44k |
| Total assets | AU$14.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRR's short term assets (A$10.0M) exceed its short term liabilities (A$235.3K).
Long Term Liabilities: MRR's short term assets (A$10.0M) exceed its long term liabilities (A$35.1K).
Debt to Equity History and Analysis
Debt Level: MRR is debt free.
Reducing Debt: MRR 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: MRR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MRR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18% each year