Keras Resources Balance Sheet Health
Financial Health criteria checks 4/6
Keras Resources has a total shareholder equity of £3.1M and total debt of £1.5M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are £6.5M and £3.4M respectively.
Key information
48.8%
Debt to equity ratio
UK£1.52m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.17m |
| Equity | UK£3.11m |
| Total liabilities | UK£3.41m |
| Total assets | UK£6.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRS's short term assets (£1.8M) exceed its short term liabilities (£1.3M).
Long Term Liabilities: KRS's short term assets (£1.8M) do not cover its long term liabilities (£2.1M).
Debt to Equity History and Analysis
Debt Level: KRS's net debt to equity ratio (11.2%) is considered satisfactory.
Reducing Debt: KRS's debt to equity ratio has increased from 0% to 48.8% 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: KRS has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: KRS is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.