Newfield Resources Balance Sheet Health
Financial Health criteria checks 1/6
Newfield Resources has a total shareholder equity of A$112.0M and total debt of A$1.9M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are A$137.9M and A$26.0M respectively.
Key information
1.7%
Debt to equity ratio
AU$1.85m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$47.22k |
| Equity | AU$111.96m |
| Total liabilities | AU$25.96m |
| Total assets | AU$137.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4XK0's short term assets (A$3.3M) do not cover its short term liabilities (A$11.2M).
Long Term Liabilities: 4XK0's short term assets (A$3.3M) do not cover its long term liabilities (A$14.7M).
Debt to Equity History and Analysis
Debt Level: 4XK0's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 4XK0's debt to equity ratio has increased from 0.02% to 1.7% 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: 4XK0 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 4XK0 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.3% each year