Adventus Mining Balance Sheet Health
Financial Health criteria checks 4/6
Adventus Mining has a total shareholder equity of $111.4M and total debt of $10.6M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are $159.7M and $48.3M respectively.
Key information
9.5%
Debt to equity ratio
US$10.61m
Debt
Interest coverage ratio | n/a |
Cash | US$1.85m |
Equity | US$111.38m |
Total liabilities | US$48.30m |
Total assets | US$159.68m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ADZN's short term assets ($20.4M) do not cover its short term liabilities ($35.0M).
Long Term Liabilities: ADZN's short term assets ($20.4M) exceed its long term liabilities ($13.3M).
Debt to Equity History and Analysis
Debt Level: ADZN's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: ADZN's debt to equity ratio has increased from 0% to 9.5% 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: ADZN has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADZN is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.