Cadence Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Cadence Minerals has a total shareholder equity of £19.5M and total debt of £1.2M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are £25.8M and £6.3M respectively.
Key information
6.0%
Debt to equity ratio
UK£1.18m
Debt
Interest coverage ratio | n/a |
Cash | UK£11.28m |
Equity | UK£19.52m |
Total liabilities | UK£6.27m |
Total assets | UK£25.79m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KDNC's short term assets (£15.3M) exceed its short term liabilities (£913.0K).
Long Term Liabilities: KDNC's short term assets (£15.3M) exceed its long term liabilities (£5.4M).
Debt to Equity History and Analysis
Debt Level: KDNC has more cash than its total debt.
Reducing Debt: KDNC's debt to equity ratio has reduced from 13.9% to 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: Insufficient data to determine if KDNC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if KDNC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.