Altona Rare Earths Balance Sheet Health
Financial Health criteria checks 2/6
Altona Rare Earths has a total shareholder equity of £1.4M and total debt of £263.0K, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are £2.0M and £604.0K respectively.
Key information
19.4%
Debt to equity ratio
UK£263.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£73.00k |
Equity | UK£1.36m |
Total liabilities | UK£604.00k |
Total assets | UK£1.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REE's short term assets (£203.0K) do not cover its short term liabilities (£604.0K).
Long Term Liabilities: REE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: REE's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: REE's debt to equity ratio has increased from 0% to 19.4% 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: REE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: REE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.2% each year