Sparton Resources Balance Sheet Health
Financial Health criteria checks 6/6
Sparton Resources has a total shareholder equity of CA$1.7M and total debt of CA$227.2K, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CA$2.2M and CA$565.4K respectively.
Key information
13.6%
Debt to equity ratio
CA$227.16k
Debt
Interest coverage ratio | n/a |
Cash | CA$411.41k |
Equity | CA$1.67m |
Total liabilities | CA$565.35k |
Total assets | CA$2.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRI's short term assets (CA$645.8K) exceed its short term liabilities (CA$565.4K).
Long Term Liabilities: SRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRI has more cash than its total debt.
Reducing Debt: SRI's debt to equity ratio has reduced from 24.8% to 13.6% over the 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: SRI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SRI has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 14.8% each year.