Abound Energy Balance Sheet Health
Financial Health criteria checks 2/6
Abound Energy has a total shareholder equity of CA$-245.2K and total debt of CA$50.3K, which brings its debt-to-equity ratio to -20.5%. Its total assets and total liabilities are CA$2.0M and CA$2.2M respectively.
Key information
-20.5%
Debt to equity ratio
CA$50.35k
Debt
Interest coverage ratio | n/a |
Cash | CA$202.45k |
Equity | -CA$245.24k |
Total liabilities | CA$2.24m |
Total assets | CA$2.00m |
Recent financial health updates
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Sep 06Recent updates
Zinc8 Energy Solutions (CSE:ZAIR) Will Have To Spend Its Cash Wisely
Nov 24Is Zinc8 Energy Solutions (CSE:ZAIR) In A Good Position To Deliver On Growth Plans?
Aug 06Will Zinc8 Energy Solutions (CSE:ZAIR) Spend Its Cash Wisely?
Apr 08Is Zinc8 Energy Solutions (CSE:ZAIR) In A Good Position To Invest In Growth?
Dec 24We Think Zinc8 Energy Solutions (CSE:ZAIR) Can Afford To Drive Business Growth
Sep 06Did Business Growth Power Zinc8 Energy Solutions' (CSE:ZAIR) Share Price Gain of 188%?
Jan 21Financial Position Analysis
Short Term Liabilities: ABND has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ABND has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ABND has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ABND's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: ABND has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ABND is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.