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 ratio | n/a |
| Cash | AU$403.19k |
| Equity | AU$6.82m |
| Total liabilities | AU$2.58m |
| Total assets | AU$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.