Canadian Spirit Resources Balance Sheet Health
Financial Health criteria checks 6/6
Canadian Spirit Resources has a total shareholder equity of CA$27.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$29.9M and CA$2.3M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.61m |
| Equity | CA$27.65m |
| Total liabilities | CA$2.27m |
| Total assets | CA$29.92m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPI's short term assets (CA$5.7M) exceed its short term liabilities (CA$459.4K).
Long Term Liabilities: SPI's short term assets (CA$5.7M) exceed 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 3 years based on its current free cash flow.
Forecast Cash Runway: SPI has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 5.2% each year