Poseidon Nickel Balance Sheet Health
Financial Health criteria checks 5/6
Poseidon Nickel has a total shareholder equity of A$21.8M and total debt of A$109.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are A$86.9M and A$65.0M respectively.
Key information
0.5%
Debt to equity ratio
AU$109.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.43m |
| Equity | AU$21.84m |
| Total liabilities | AU$65.02m |
| Total assets | AU$86.85m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POS's short term assets (A$2.0M) exceed its short term liabilities (A$1.6M).
Long Term Liabilities: POS's short term assets (A$2.0M) do not cover its long term liabilities (A$63.4M).
Debt to Equity History and Analysis
Debt Level: POS has more cash than its total debt.
Reducing Debt: POS's debt to equity ratio has reduced from 31.2% to 0.5% 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: POS has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: POS is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.