Kodal Minerals Balance Sheet Health

Financial Health criteria checks 5/6

Kodal Minerals has a total shareholder equity of £14.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £19.1M and £4.3M respectively.

Key information

Debt to equity ratio

UK£0

Debt

Interest coverage ratio	n/a
Cash	UK£1.71m
Equity	UK£14.72m
Total liabilities	UK£4.35m
Total assets	UK£19.07m

Recent financial health updates

Here's Why We're Not Too Worried About Kodal Minerals' (LON:KOD) Cash Burn Situation

Apr 15

Recent updates

Here's Why We're Not Too Worried About Kodal Minerals' (LON:KOD) Cash Burn Situation

Apr 15

We're Keeping An Eye On Kodal Minerals' (LON:KOD) Cash Burn Rate

Dec 30

Kodal Minerals (LON:KOD) Is In A Good Position To Deliver On Growth Plans

Apr 15

Companies Like Kodal Minerals (LON:KOD) Are In A Position To Invest In Growth

Dec 30

We Think Kodal Minerals (LON:KOD) Can Afford To Drive Business Growth

Sep 16

Financial Position Analysis

Short Term Liabilities: KOD's short term assets (£2.0M) do not cover its short term liabilities (£4.3M).

Long Term Liabilities: KOD has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: KOD is debt free.

Reducing Debt: KOD had no debt 5 years ago.

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: KOD has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: KOD is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.

Kodal Minerals Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Here's Why We're Not Too Worried About Kodal Minerals' (LON:KOD) Cash Burn Situation

We're Keeping An Eye On Kodal Minerals' (LON:KOD) Cash Burn Rate

Kodal Minerals (LON:KOD) Is In A Good Position To Deliver On Growth Plans

Companies Like Kodal Minerals (LON:KOD) Are In A Position To Invest In Growth

We Think Kodal Minerals (LON:KOD) Can Afford To Drive Business Growth

Recent updates

New major risk - Share price stability

Kodal Minerals PLC Provides Bougouni Lithium Project Development Update

Kodal Minerals Appoints Lei ("David") Teng as Non-Executive Director

Price target decreased by 16% to UK£0.015

Forecast breakeven date pushed back to 2026

New minor risk - Market cap size

Independent Non-Executive Director recently sold UK£99k worth of stock

New minor risk - Shareholder dilution

Kodal Minerals PLC announced that it has received $17.753137 million in funding from Hong Kong Xinmao Investment Co., Limited

Kodal Minerals PLC Announces Bougouni Lithium Project Mineral Resource Update

New minor risk - Market cap size

Kodal Minerals, Provides an Update on Project Development Activities and General Progress Atits Bougouni Lithium Project in Southern Mali

Kodal Minerals Announces the Resignation of Dr Qingtao Zeng as a Non-Executive Director of the Company

Kodal Minerals PLC, Annual General Meeting, Sep 29, 2023

New minor risk - Market cap size

New minor risk - Financial data availability

Kodal Minerals plc Provides Update on the Completed Drilling At the Company's Bougouni Lithium Project Located in Southern Mali

Here's Why We're Not Too Worried About Kodal Minerals' (LON:KOD) Cash Burn Situation

Operations Director & Director recently sold UK£54k worth of stock

We're Keeping An Eye On Kodal Minerals' (LON:KOD) Cash Burn Rate

Less than half of directors are independent

Kodal Minerals Plc Provides Update on Potential for Initial Rapid Development of Its Bougouni Lithium Project in Southern Mali

Kodal Minerals Plc, Annual General Meeting, Sep 29, 2022

Kodal Minerals Plc Appoints Steven Zaninovich as Operations Director

Kodal Minerals plc Provides Bougouni Lithium Project Update

Less than half of directors are independent

Kodal Minerals (LON:KOD) Is In A Good Position To Deliver On Growth Plans

Kodal Minerals Provides an Update on Bougouni Lithium Project in Southern Mali

Companies Like Kodal Minerals (LON:KOD) Are In A Position To Invest In Growth

Kodal Minerals Provides Update on the Recent Activities at the Fatou Gold Project Drilling for Gold Mineralisation and the Ongoing Activity at the Bougouni Lithium Project

We Think Kodal Minerals (LON:KOD) Can Afford To Drive Business Growth

Kodal Minerals plc Announces Gold Exploration and Mali Update

Kodal Minerals plc Provides This Update on the Exploration Programme for Its Cote D'ivoire Gold Assets and Provides A Further Update on the Bougouni Lithium Project

Kodal Minerals Provides Update on the Mining Licence Application and is in Progress for the Bougouni Lithium Project

Kodal Minerals Provides an Update on the Company's Gold Projects in Mali and Côte D'ivoire

Kodal Minerals plc's Dabakala Surface Sampling Extends High Grade Gold Anomaly

Kodal Minerals plc Announces to Provide an Update on its Gold Exploration Projects in Southern Mali and Cote d'Ivoire

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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