49 North Resources Balance Sheet Health
Financial Health criteria checks 4/6
49 North Resources has a total shareholder equity of CA$8.0M and total debt of CA$6.1M, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are CA$16.8M and CA$8.8M respectively.
Key information
76.5%
Debt to equity ratio
CA$6.14m
Debt
Interest coverage ratio | n/a |
Cash | CA$6.29m |
Equity | CA$8.03m |
Total liabilities | CA$8.80m |
Total assets | CA$16.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FNR's short term assets (CA$7.2M) do not cover its short term liabilities (CA$8.1M).
Long Term Liabilities: FNR's short term assets (CA$7.2M) exceed its long term liabilities (CA$696.0K).
Debt to Equity History and Analysis
Debt Level: FNR has more cash than its total debt.
Reducing Debt: FNR's debt to equity ratio has increased from 74.5% to 76.5% over the 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: FNR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FNR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 28.3% each year