Premier African Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Premier African Minerals has a total shareholder equity of $12.5M and total debt of $196.0K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are $51.2M and $38.7M respectively.
Key information
1.6%
Debt to equity ratio
US$196.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$231.00k |
| Equity | US$12.45m |
| Total liabilities | US$38.71m |
| Total assets | US$51.16m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PREM's short term assets ($2.0M) do not cover its short term liabilities ($38.3M).
Long Term Liabilities: PREM's short term assets ($2.0M) exceed its long term liabilities ($362.0K).
Debt to Equity History and Analysis
Debt Level: PREM has more cash than its total debt.
Reducing Debt: PREM's debt to equity ratio has reduced from 12.1% to 1.6% 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 PREM has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PREM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.