Summit Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Summit Minerals has a total shareholder equity of A$13.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$13.3M and A$205.9K respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$2.23m
EquityAU$13.14m
Total liabilitiesAU$205.93k
Total assetsAU$13.35m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SUM's short term assets (A$4.9M) exceed its short term liabilities (A$205.9K).

Long Term Liabilities: SUM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SUM is debt free.

Reducing Debt: SUM 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: SUM has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SUM has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 71.2% each year.


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