Forum Energy Metals Balance Sheet Health
Financial Health criteria checks 4/6
Forum Energy Metals has a total shareholder equity of CA$3.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.5M and CA$3.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.27m |
| Equity | CA$3.33m |
| Total liabilities | CA$3.15m |
| Total assets | CA$6.48m |
Financial Position Analysis
Short Term Liabilities: FMC's short term assets (CA$5.3M) exceed its short term liabilities (CA$3.1M).
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%.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39% each year