Sable Exploration and Mining Balance Sheet Health
Financial Health criteria checks 3/6
Sable Exploration and Mining has a total shareholder equity of ZAR5.6M and total debt of ZAR3.0M, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are ZAR20.5M and ZAR15.0M respectively.
Key information
53.3%
Debt to equity ratio
R2.96m
Debt
| Interest coverage ratio | n/a |
| Cash | R3.19m |
| Equity | R5.56m |
| Total liabilities | R14.99m |
| Total assets | R20.54m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SXM's short term assets (ZAR8.4M) do not cover its short term liabilities (ZAR15.0M).
Long Term Liabilities: SXM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SXM has more cash than its total debt.
Reducing Debt: SXM 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: SXM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SXM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 60% each year