Sovereign Metals Balance Sheet Health
Financial Health criteria checks 6/6
Sovereign Metals has a total shareholder equity of A$34.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$38.7M and A$4.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$31.56m |
| Equity | AU$34.36m |
| Total liabilities | AU$4.32m |
| Total assets | AU$38.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SVML.F's short term assets (A$32.4M) exceed its short term liabilities (A$4.2M).
Long Term Liabilities: SVML.F's short term assets (A$32.4M) exceed its long term liabilities (A$86.4K).
Debt to Equity History and Analysis
Debt Level: SVML.F is debt free.
Reducing Debt: SVML.F has not had any debt for 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: SVML.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SVML.F has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 23.9% each year.