Andrada Mining Balance Sheet Health
Financial Health criteria checks 5/6
Andrada Mining has a total shareholder equity of £35.6M and total debt of £8.2M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are £50.7M and £15.1M respectively.
Key information
23.0%
Debt to equity ratio
UK£8.17m
Debt
Interest coverage ratio | n/a |
Cash | UK£6.69m |
Equity | UK£35.59m |
Total liabilities | UK£15.14m |
Total assets | UK£50.73m |
Financial Position Analysis
Short Term Liabilities: ATM's short term assets (£12.8M) exceed its short term liabilities (£9.3M).
Long Term Liabilities: ATM's short term assets (£12.8M) exceed its long term liabilities (£5.8M).
Debt to Equity History and Analysis
Debt Level: ATM's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: ATM's debt to equity ratio has increased from 0% to 23% 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: ATM has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ATM has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 24.4% each year.