Auric Resources Balance Sheet Health
Financial Health criteria checks 6/6
Auric Resources has a total shareholder equity of CA$1.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.0M and CA$158.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.25m |
| Equity | CA$1.84m |
| Total liabilities | CA$158.10k |
| Total assets | CA$2.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RES's short term assets (CA$1.3M) exceed its short term liabilities (CA$51.6K).
Long Term Liabilities: RES's short term assets (CA$1.3M) exceed its long term liabilities (CA$106.5K).
Debt to Equity History and Analysis
Debt Level: RES is debt free.
Reducing Debt: RES has not had any debt for 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: RES has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RES has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 22.2% each year.