Silver Elephant Mining Balance Sheet Health
Financial Health criteria checks 3/6
Silver Elephant Mining has a total shareholder equity of CA$40.8M and total debt of CA$3.8M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CA$52.8M and CA$12.0M respectively.
Key information
9.4%
Debt to equity ratio
CA$3.85m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.25m |
Equity | CA$40.81m |
Total liabilities | CA$12.00m |
Total assets | CA$52.81m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ELEF's short term assets (CA$1.4M) do not cover its short term liabilities (CA$9.9M).
Long Term Liabilities: ELEF's short term assets (CA$1.4M) do not cover its long term liabilities (CA$2.1M).
Debt to Equity History and Analysis
Debt Level: ELEF's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: ELEF's debt to equity ratio has increased from 0% to 9.4% 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: ELEF has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ELEF is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.