Xstate Resources Balance Sheet Health
Financial Health criteria checks 6/6
Xstate Resources has a total shareholder equity of A$4.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.9M and A$1.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.37m |
| Equity | AU$4.64m |
| Total liabilities | AU$1.31m |
| Total assets | AU$5.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XW7's short term assets (A$4.5M) exceed its short term liabilities (A$1.1M).
Long Term Liabilities: XW7's short term assets (A$4.5M) exceed its long term liabilities (A$179.5K).
Debt to Equity History and Analysis
Debt Level: XW7 is debt free.
Reducing Debt: XW7 has no debt compared to 5 years ago when its debt to equity ratio was 15.6%.
Debt Coverage: XW7 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: XW7 has no debt, therefore coverage of interest payments is not a concern.