Polymetals Resources Balance Sheet Health
Financial Health criteria checks 5/6
Polymetals Resources has a total shareholder equity of A$26.8M and total debt of A$2.5M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are A$30.9M and A$4.1M respectively.
Key information
9.3%
Debt to equity ratio
AU$2.51m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$7.88m |
| Equity | AU$26.83m |
| Total liabilities | AU$4.11m |
| Total assets | AU$30.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POL's short term assets (A$8.0M) exceed its short term liabilities (A$4.1M).
Long Term Liabilities: POL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: POL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if POL'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: POL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: POL is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.