Ionic Rare Earths Balance Sheet Health
Financial Health criteria checks 4/6
Ionic Rare Earths has a total shareholder equity of A$36.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$37.6M and A$1.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.94m |
| Equity | AU$36.51m |
| Total liabilities | AU$1.06m |
| Total assets | AU$37.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6UH's short term assets (A$6.3M) exceed its short term liabilities (A$688.9K).
Long Term Liabilities: 6UH's short term assets (A$6.3M) exceed its long term liabilities (A$373.1K).
Debt to Equity History and Analysis
Debt Level: 6UH is debt free.
Reducing Debt: 6UH had no debt 5 years ago.
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: 6UH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 6UH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.7% each year