Forsys Metals Balance Sheet Health
Financial Health criteria checks 6/6
Forsys Metals has a total shareholder equity of CA$22.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$24.3M and CA$2.0M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$12.41m |
| Equity | CA$22.24m |
| Total liabilities | CA$2.04m |
| Total assets | CA$24.27m |
Recent financial health updates
We Think Forsys Metals (TSE:FSY) Can Easily Afford To Drive Business Growth
Mar 22
Here's Why We're Not At All Concerned With Forsys Metals' (TSE:FSY) Cash Burn Situation
Nov 19Here's Why We're Not Too Worried About Forsys Metals' (TSE:FSY) Cash Burn Situation
Jul 26Forsys Metals (TSE:FSY) Is In A Strong Position To Grow Its Business
Dec 14We're Not Very Worried About Forsys Metals' (TSE:FSY) Cash Burn Rate
Dec 12Recent updates
We Think Forsys Metals (TSE:FSY) Can Easily Afford To Drive Business Growth
Mar 22Here's Why We're Not At All Concerned With Forsys Metals' (TSE:FSY) Cash Burn Situation
Nov 19Here's Why We're Not Too Worried About Forsys Metals' (TSE:FSY) Cash Burn Situation
Jul 26Forsys Metals (TSE:FSY) Is In A Strong Position To Grow Its Business
Dec 14We're Not Very Worried About Forsys Metals' (TSE:FSY) Cash Burn Rate
Dec 12Financial Position Analysis
Short Term Liabilities: FSY's short term assets (CA$12.9M) exceed its short term liabilities (CA$2.0M).
Long Term Liabilities: FSY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FSY is debt free.
Reducing Debt: FSY had no debt 5 years ago.
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: FSY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FSY has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 39.1% each year.