Azincourt Energy Balance Sheet Health

Financial Health criteria checks 6/6

Azincourt Energy has a total shareholder equity of CA$7.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.3M and CA$179.6K respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$2.13m
EquityCA$7.14m
Total liabilitiesCA$179.63k
Total assetsCA$7.32m

Recent financial health updates

Recent updates

We Think Azincourt Energy (CVE:AAZ) Needs To Drive Business Growth Carefully

Sep 05
We Think Azincourt Energy (CVE:AAZ) Needs To Drive Business Growth Carefully

Financial Position Analysis

Short Term Liabilities: AAZ's short term assets (CA$2.4M) exceed its short term liabilities (CA$179.6K).

Long Term Liabilities: AAZ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AAZ is debt free.

Reducing Debt: AAZ 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: AAZ has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: AAZ is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


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