Strategic Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Strategic Minerals has a total shareholder equity of $4.3M and total debt of $68.0K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are $7.2M and $2.9M respectively. Strategic Minerals's EBIT is $788.0K making its interest coverage ratio 18.8. It has cash and short-term investments of $280.0K.
Key information
1.6%
Debt to equity ratio
US$68.00k
Debt
| Interest coverage ratio | 18.8x |
| Cash | US$280.00k |
| Equity | US$4.31m |
| Total liabilities | US$2.88m |
| Total assets | US$7.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 24S's short term assets ($803.0K) do not cover its short term liabilities ($1.3M).
Long Term Liabilities: 24S's short term assets ($803.0K) do not cover its long term liabilities ($1.5M).
Debt to Equity History and Analysis
Debt Level: 24S has more cash than its total debt.
Reducing Debt: 24S's debt to equity ratio has increased from 0% to 1.6% 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: Whilst unprofitable 24S has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 24S is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.3% per year.