EV Resources Balance Sheet Health

Financial Health criteria checks 4/6

EV Resources has a total shareholder equity of A$6.8M and total debt of A$1.3M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are A$9.4M and A$2.6M respectively.

Key information

18.6%

Debt to equity ratio

AU$1.27m

Debt

Interest coverage ration/a
CashAU$403.19k
EquityAU$6.82m
Total liabilitiesAU$2.58m
Total assetsAU$9.41m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: R1EA's short term assets (A$667.4K) do not cover its short term liabilities (A$2.1M).

Long Term Liabilities: R1EA's short term assets (A$667.4K) exceed its long term liabilities (A$519.2K).


Debt to Equity History and Analysis

Debt Level: R1EA's net debt to equity ratio (12.6%) is considered satisfactory.

Reducing Debt: R1EA's debt to equity ratio has increased from 0% to 18.6% 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: R1EA has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: R1EA is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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