Sunrise Energy Metals Balance Sheet Health

Financial Health criteria checks 6/6

Sunrise Energy Metals has a total shareholder equity of A$8.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$10.0M and A$1.3M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$8.76m
Equity	AU$8.71m
Total liabilities	AU$1.30m
Total assets	AU$10.01m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SRL's short term assets (A$9.3M) exceed its short term liabilities (A$952.0K).

Long Term Liabilities: SRL's short term assets (A$9.3M) exceed its long term liabilities (A$352.0K).

Debt to Equity History and Analysis

Debt Level: SRL is debt free.

Reducing Debt: SRL has no debt compared to 5 years ago when its debt to equity ratio was 0.06%.

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: SRL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SRL has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 38.9% each year.

Sunrise Energy Metals Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Sunrise Energy Metals Limited, Annual General Meeting, Oct 22, 2024

New major risk - Share price stability

New minor risk - Share price stability

Sunrise Energy Metals Limited(ASX:SRL) dropped from S&P/ASX Emerging Companies Index

Full year 2023 earnings released: AU$0.10 loss per share (vs AU$0.17 loss in FY 2022)

Sunrise Energy Metals Limited, Annual General Meeting, Oct 27, 2023

First half 2023 earnings released: AU$0.046 loss per share (vs AU$0.11 loss in 1H 2022)

Less than half of directors are independent

Full year 2022 earnings released: AU$0.17 loss per share (vs AU$0.21 loss in FY 2021)

Sunrise Energy Metals Limited, Annual General Meeting, Oct 21, 2022

MD, CEO & Executive Director recently sold AU$218k worth of stock

Less than half of directors are independent

No longer forecast to breakeven

Sunrise Energy Metals Limited Provides an Update on Exploration Drilling Activities At the Sunrise East and Phoenix Platinum Prospects

Sunrise Energy Metals Limited Announces That Export Finance Australia Issued Letter of Support for the Sunrise Project

No longer forecast to breakeven

Full year 2021 earnings released: AU$0.21 loss per share (vs AU$2.65 loss in FY 2020)

Sunrise Energy Metals Limited (ASX:SRL) completed the acquisition of Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT).

Independent Non-Executive Director Judith Downes has left the company

Independent Non-Executive Director Ian Knight has left the company

Sunrise Energy Metals Limited Announces Drilling Campaign Underway at Phoenix Platinum Zone

Sunrise Energy Metals Announces Significant Drilling and Assay Results from the Platinum Development Activities At the Sunrise Project in Nsw, Australia

Clean TeqQWins Contract for BIONEX Water Treatment Plant in China

New 90-day low: AU$0.24

First half 2021 earnings released: AU$0.013 loss per share (vs AU$0.013 loss in 1H 2020)

Clean TeQ Holdings Limited Signs Memorandum of Understanding with National Energy Services Reunited Corp

New 90-day high: AU$0.35

Clean TeQ Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 21.975 million.

Clean Teq Holdings Limited Announce the Award of Two Additional Water Purification Contracts

Clean TeQ Holdings Limited announced that it expects to receive AUD 18.975 million in funding

Clean TeQ Holdings Limited Provides Update on Platinum Development Activities At the Company's Wholly Owned Sunrise Project in NSW, Australia

Clean TeQ Holdings Limited Announces Drilling Commences to Test Large Platinum Resource At Depth

Clean TeQ Holdings Limited Provides Operating Update of Sunrise Battery Materials Project

Clean TeQ Holdings Limited(ASX:CLQ) dropped from S&P Global BMI Index

MD, CEO & Executive Director recently bought AU$304k worth of stock

New 90-day high - AU$0.24

Full year earnings released - AU$0.26 loss per share

New 90-day high - AU$0.21

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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