Surefire Resources Balance Sheet Health
Financial Health criteria checks 5/6
Surefire Resources has a total shareholder equity of A$2.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.5M and A$12.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.49m |
| Equity | AU$2.15m |
| Total liabilities | AU$12.33m |
| Total assets | AU$14.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GBL's short term assets (A$1.6M) do not cover its short term liabilities (A$12.3M).
Long Term Liabilities: GBL's short term assets (A$1.6M) exceed its long term liabilities (A$43.7K).
Debt to Equity History and Analysis
Debt Level: GBL is debt free.
Reducing Debt: GBL currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: GBL has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GBL is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.