Premier African Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Premier African Minerals has a total shareholder equity of $18.6M and total debt of $180.0K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $67.7M and $49.1M respectively.
Key information
1.0%
Debt to equity ratio
US$180.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$243.00k |
| Equity | US$18.56m |
| Total liabilities | US$49.11m |
| Total assets | US$67.67m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PREM's short term assets ($7.0M) do not cover its short term liabilities ($54.8M).
Long Term Liabilities: PREM's short term assets ($7.0M) do not cover its long term liabilities ($-5.7M).
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 9.3% to 1% 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: PREM has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PREM is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.