Abasca Resources Balance Sheet Health
Financial Health criteria checks 5/6
Abasca Resources has a total shareholder equity of CA$1.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.4M and CA$2.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.13m |
| Equity | CA$1.27m |
| Total liabilities | CA$2.09m |
| Total assets | CA$3.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABA's short term assets (CA$3.3M) exceed its short term liabilities (CA$2.1M).
Long Term Liabilities: ABA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ABA is debt free.
Reducing Debt: ABA 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: ABA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ABA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 66.1% each year