Harvest Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Harvest Minerals has a total shareholder equity of A$9.1M and total debt of A$1.8M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are A$11.8M and A$2.6M respectively. Harvest Minerals's EBIT is A$61.9K making its interest coverage ratio 0.5. It has cash and short-term investments of A$424.0K.
Key information
19.8%
Debt to equity ratio
AU$1.81m
Debt
Interest coverage ratio | 0.5x |
Cash | AU$423.98k |
Equity | AU$9.11m |
Total liabilities | AU$2.65m |
Total assets | AU$11.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7HM's short term assets (A$2.5M) exceed its short term liabilities (A$1.0M).
Long Term Liabilities: 7HM's short term assets (A$2.5M) exceed its long term liabilities (A$1.6M).
Debt to Equity History and Analysis
Debt Level: 7HM's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: 7HM's debt to equity ratio has increased from 0% to 19.8% 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: Insufficient data to determine if 7HM has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 7HM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.