Adamant DRI Processing and Minerals Group Balance Sheet Health
Financial Health criteria checks 4/6
Adamant DRI Processing and Minerals Group has a total shareholder equity of $34.7K and total debt of $11.8K, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $70.0K and $35.3K respectively.
Key information
34.1%
Debt to equity ratio
US$11.81k
Debt
Interest coverage ratio | n/a |
Cash | n/a |
Equity | US$34.67k |
Total liabilities | US$35.33k |
Total assets | US$70.00k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADMG's short term assets ($70.0K) exceed its short term liabilities ($35.3K).
Long Term Liabilities: ADMG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ADMG's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: ADMG 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: Insufficient data to determine if ADMG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ADMG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.