Altona Rare Earths Balance Sheet Health
Financial Health criteria checks 5/6
Altona Rare Earths has a total shareholder equity of £1.0M and total debt of £684.0K, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are £2.3M and £1.3M respectively.
Key information
67.0%
Debt to equity ratio
UK£684.00k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£392.00k |
| Equity | UK£1.02m |
| Total liabilities | UK£1.27m |
| Total assets | UK£2.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REE's short term assets (£566.0K) do not cover its short term liabilities (£947.0K).
Long Term Liabilities: REE's short term assets (£566.0K) exceed its long term liabilities (£322.0K).
Debt to Equity History and Analysis
Debt Level: REE's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: REE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: REE has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: REE is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.