Apex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Apex Resources has a total shareholder equity of CA$4.3M and total debt of CA$150.0K, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CA$4.9M and CA$615.8K respectively.
Key information
3.5%
Debt to equity ratio
CA$150.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$440.69k |
| Equity | CA$4.29m |
| Total liabilities | CA$615.77k |
| Total assets | CA$4.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APX's short term assets (CA$486.7K) exceed its short term liabilities (CA$465.8K).
Long Term Liabilities: APX's short term assets (CA$486.7K) exceed its long term liabilities (CA$150.0K).
Debt to Equity History and Analysis
Debt Level: APX has more cash than its total debt.
Reducing Debt: APX's debt to equity ratio has increased from 0% to 3.5% 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: APX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: APX has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 9.1% each year.