Greenwing Resources Balance Sheet Health
Financial Health criteria checks 5/6
Greenwing Resources has a total shareholder equity of A$16.5M and total debt of A$465.9K, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are A$24.9M and A$8.4M respectively.
Key information
2.8%
Debt to equity ratio
AU$465.90k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$708.67k |
| Equity | AU$16.48m |
| Total liabilities | AU$8.41m |
| Total assets | AU$24.89m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R2FA's short term assets (A$2.1M) do not cover its short term liabilities (A$8.2M).
Long Term Liabilities: R2FA's short term assets (A$2.1M) exceed its long term liabilities (A$240.9K).
Debt to Equity History and Analysis
Debt Level: R2FA has more cash than its total debt.
Reducing Debt: R2FA's debt to equity ratio has reduced from 11.6% to 2.8% 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: R2FA has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: R2FA is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.