Adavale Resources Balance Sheet Health
Financial Health criteria checks 4/6
Adavale Resources has a total shareholder equity of A$211.0K and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$505.7K and A$294.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$391.39k |
Equity | AU$210.97k |
Total liabilities | AU$294.77k |
Total assets | AU$505.74k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADRL.F's short term assets (A$432.2K) exceed its short term liabilities (A$294.8K).
Long Term Liabilities: ADRL.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ADRL.F is debt free.
Reducing Debt: ADRL.F currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: ADRL.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ADRL.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.9% each year