QMines Balance Sheet Health
Financial Health criteria checks 4/6
QMines has a total shareholder equity of A$18.1M and total debt of A$1.4M, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are A$21.5M and A$3.4M respectively.
Key information
7.5%
Debt to equity ratio
AU$1.36m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$592.35k |
| Equity | AU$18.08m |
| Total liabilities | AU$3.41m |
| Total assets | AU$21.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 81V's short term assets (A$785.6K) do not cover its short term liabilities (A$3.4M).
Long Term Liabilities: 81V has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 81V's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 81V's debt to equity ratio has reduced 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: 81V has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 81V is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.