Cadence Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Cadence Minerals has a total shareholder equity of £18.5M and total debt of £1.2M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are £20.0M and £1.5M respectively.
Key information
6.7%
Debt to equity ratio
UK£1.24m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£4.38m |
| Equity | UK£18.45m |
| Total liabilities | UK£1.52m |
| Total assets | UK£19.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2REA's short term assets (£8.3M) exceed its short term liabilities (£1.2M).
Long Term Liabilities: 2REA's short term assets (£8.3M) exceed its long term liabilities (£302.0K).
Debt to Equity History and Analysis
Debt Level: 2REA has more cash than its total debt.
Reducing Debt: 2REA's debt to equity ratio has reduced from 25.7% to 6.7% 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: 2REA has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 2REA has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 5.9% each year.