Central Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Central Iron Ore has a total shareholder equity of A$1.4M and total debt of A$3.0M, which brings its debt-to-equity ratio to 219.4%. Its total assets and total liabilities are A$4.4M and A$3.0M respectively.
Key information
219.4%
Debt to equity ratio
AU$3.01m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$184.27k |
| Equity | AU$1.37m |
| Total liabilities | AU$3.05m |
| Total assets | AU$4.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIO's short term assets (A$305.0K) exceed its short term liabilities (A$83.2K).
Long Term Liabilities: CIO's short term assets (A$305.0K) do not cover its long term liabilities (A$3.0M).
Debt to Equity History and Analysis
Debt Level: CIO's net debt to equity ratio (205.9%) is considered high.
Reducing Debt: CIO's debt to equity ratio has increased from 34.1% to 219.4% 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: CIO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CIO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.8% each year