Australian Mines Balance Sheet Health
Financial Health criteria checks 5/6
Australian Mines has a total shareholder equity of A$40.8M and total debt of A$3.3M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are A$44.9M and A$4.1M respectively.
Key information
8.2%
Debt to equity ratio
AU$3.35m
Debt
Interest coverage ratio | n/a |
Cash | AU$3.86m |
Equity | AU$40.78m |
Total liabilities | AU$4.13m |
Total assets | AU$44.91m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJH's short term assets (A$4.2M) exceed its short term liabilities (A$4.1M).
Long Term Liabilities: MJH has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MJH has more cash than its total debt.
Reducing Debt: MJH's debt to equity ratio has increased from 5% to 8.2% 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: MJH has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MJH is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.