Canadian Spirit Resources Balance Sheet Health
Financial Health criteria checks 3/6
Canadian Spirit Resources has a total shareholder equity of CA$35.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$38.6M and CA$2.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$431.68k |
Equity | CA$35.81m |
Total liabilities | CA$2.84m |
Total assets | CA$38.65m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPI's short term assets (CA$570.2K) do not cover its short term liabilities (CA$1.0M).
Long Term Liabilities: SPI's short term assets (CA$570.2K) do not cover its long term liabilities (CA$1.8M).
Debt to Equity History and Analysis
Debt Level: SPI is debt free.
Reducing Debt: SPI had no debt 5 years ago.
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: SPI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPI has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.9% each year.