Harvest Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Harvest Minerals has a total shareholder equity of A$4.8M and total debt of A$3.0M, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are A$9.9M and A$5.2M respectively.
Key information
63.3%
Debt to equity ratio
AU$3.02m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$450.15k |
| Equity | AU$4.78m |
| Total liabilities | AU$5.15m |
| Total assets | AU$9.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMI's short term assets (A$2.6M) do not cover its short term liabilities (A$2.7M).
Long Term Liabilities: HMI's short term assets (A$2.6M) exceed its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: HMI's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: HMI's debt to equity ratio has increased from 0% to 63.3% 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: HMI has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HMI is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.