CanAsia Energy Balance Sheet Health
Financial Health criteria checks 6/6
CanAsia Energy has a total shareholder equity of CA$5.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.4M and CA$6.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$9.78m |
Equity | CA$4.95m |
Total liabilities | CA$6.41m |
Total assets | CA$11.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEC's short term assets (CA$10.1M) exceed its short term liabilities (CA$4.2M).
Long Term Liabilities: CEC's short term assets (CA$10.1M) exceed its long term liabilities (CA$2.2M).
Debt to Equity History and Analysis
Debt Level: CEC is debt free.
Reducing Debt: CEC 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: CEC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CEC has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 63.6% each year.