Central Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Central Iron Ore has a total shareholder equity of A$1.7M and total debt of A$2.8M, which brings its debt-to-equity ratio to 162.3%. Its total assets and total liabilities are A$4.5M and A$2.8M respectively.
Key information
162.3%
Debt to equity ratio
AU$2.77m
Debt
Interest coverage ratio | n/a |
Cash | AU$220.31k |
Equity | AU$1.70m |
Total liabilities | AU$2.78m |
Total assets | AU$4.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIO's short term assets (A$339.8K) exceed its short term liabilities (A$65.6K).
Long Term Liabilities: CIO's short term assets (A$339.8K) do not cover its long term liabilities (A$2.7M).
Debt to Equity History and Analysis
Debt Level: CIO's net debt to equity ratio (149.4%) is considered high.
Reducing Debt: CIO's debt to equity ratio has increased from 21.7% to 162.3% 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 25.4% each year