Altona Rare Earths Balance Sheet Health
Financial Health criteria checks 5/6
Altona Rare Earths has a total shareholder equity of £1.9M and total debt of £256.0K, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are £2.7M and £849.0K respectively.
Key information
13.6%
Debt to equity ratio
UK£256.00k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.13m |
| Equity | UK£1.89m |
| Total liabilities | UK£849.00k |
| Total assets | UK£2.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A8LA's short term assets (£1.3M) exceed its short term liabilities (£849.0K).
Long Term Liabilities: A8LA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: A8LA has more cash than its total debt.
Reducing Debt: A8LA's debt to equity ratio has increased from 0% to 13.6% 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: A8LA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: A8LA has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 23.1% each year.