Sable Exploration and Mining Limited
JSE:SXM Stock Report
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
Interest coverage ratio n/a Cash R3.19m Equity R5.56m Total liabilities R14.99m Total assets R20.54m
Recent financial health updates
Show all updates Sable Exploration and Mining Decides Not to Renew James Allan's Contract as CEO Due to Reach of Retirement Age, Effective October 31, 2024 Oct 11
New major risk - Shareholder dilution Jul 05
Sable Exploration and Mining Limited, Annual General Meeting, Aug 16, 2024 Jul 02
Sable Exploration and Mining Limited to Report Fiscal Year 2024 Results on Jul 01, 2024 Jun 30
Sable Exploration and Mining Limited to Report Fiscal Year 2024 Results on Jul 01, 2024 Jun 29
New minor risk - Financial data availability Apr 16
New major risk - Financial position Oct 01 Sable Exploration and Mining Limited Provides Earning Guidance for the Six Months Ended 31 August 2023 Sep 28
Sable Exploration and Mining Limited Announces Board Changes Jul 13
Sable Exploration and Mining Limited Announces Enver Motala Is Not Re-Elected as Director Jul 06
Sable Exploration and Mining Limited, Annual General Meeting, Jun 30, 2023 Jun 01
Less than half of directors are independent May 22
Sable Exploration and Mining Limited Appoints Ulrich Bester as an Executive Director May 17
Sable Exploration and Mining Limited Appoints Eshaan Singh as Independent Non-Executive Director Feb 02
Sable Exploration and Mining Limited, Annual General Meeting, Aug 19, 2022 Jul 09
Now 49% undervalued Mar 24
Now 39% undervalued Feb 28
A Look At The Intrinsic Value Of Sable Exploration and Mining Limited (JSE:SXM) Feb 23
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.
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
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