Whitemud Resources Balance Sheet Health
Financial Health criteria checks 0/6
Whitemud Resources has a total shareholder equity of CA$-2.1M and total debt of CA$1.1M, which brings its debt-to-equity ratio to -53.9%. Its total assets and total liabilities are CA$2.0M and CA$4.1M respectively.
Key information
-53.9%
Debt to equity ratio
CA$1.14m
Debt
Interest coverage ratio | n/a |
Cash | CA$233.43k |
Equity | -CA$2.11m |
Total liabilities | CA$4.08m |
Total assets | CA$1.97m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: WMK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WMK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WMK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WMK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: WMK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if WMK's interest payments on its debt are well covered by EBIT.