Forum Energy Metals Balance Sheet Health
Financial Health criteria checks 6/6
Forum Energy Metals has a total shareholder equity of CA$8.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$12.5M and CA$4.5M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$10.58m |
Equity | CA$8.10m |
Total liabilities | CA$4.45m |
Total assets | CA$12.55m |
Financial Position Analysis
Short Term Liabilities: FMC's short term assets (CA$11.4M) exceed its short term liabilities (CA$4.5M).
Long Term Liabilities: FMC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FMC is debt free.
Reducing Debt: FMC has no debt compared to 5 years ago when its debt to equity ratio was 3.2%.
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: FMC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FMC has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 38.9% each year.