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Ultima United Balance Sheet Health
Financial Health criteria checks 6/6
Key information
11.5%
Debt to equity ratio
AU$2.66m
Debt
| Interest coverage ratio | 0.3x |
| Cash | AU$12.93m |
| Equity | AU$23.18m |
| Total liabilities | AU$3.86m |
| Total assets | AU$27.04m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UUL's short term assets (A$15.8M) exceed its short term liabilities (A$3.2M).
Long Term Liabilities: UUL's short term assets (A$15.8M) exceed its long term liabilities (A$703.7K).
Debt to Equity History and Analysis
Debt Level: UUL has more cash than its total debt.
Reducing Debt: UUL's debt to equity ratio has reduced from 37.5% to 11.5% 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: UUL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: UUL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 54% each year