Cadence Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Cadence Minerals has a total shareholder equity of £16.4M and total debt of £850.0K, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are £17.8M and £1.4M respectively.
Key information
5.2%
Debt to equity ratio
UK£850.00k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£2.03m |
| Equity | UK£16.38m |
| Total liabilities | UK£1.41m |
| Total assets | UK£17.79m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KDNC's short term assets (£5.9M) exceed its short term liabilities (£1.4M).
Long Term Liabilities: KDNC has no long term liabilities.
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 12.1% to 5.2% 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: KDNC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: KDNC has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 7.3% each year.