Connected Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Connected Minerals has a total shareholder equity of A$1.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.3M and A$88.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.24m |
| Equity | AU$1.17m |
| Total liabilities | AU$88.85k |
| Total assets | AU$1.26m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CML's short term assets (A$1.3M) exceed its short term liabilities (A$88.9K).
Long Term Liabilities: CML has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CML is debt free.
Reducing Debt: CML has no debt compared to 5 years ago when its debt to equity ratio was 115.2%.
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: CML has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CML has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 31.6% each year.