Affinity Metals Balance Sheet Health
Financial Health criteria checks 4/6
Affinity Metals has a total shareholder equity of CA$1.1M and total debt of CA$141.8K, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are CA$2.1M and CA$1.0M respectively.
Key information
12.8%
Debt to equity ratio
CA$141.82k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$254.91k |
| Equity | CA$1.11m |
| Total liabilities | CA$1.03m |
| Total assets | CA$2.15m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFF's short term assets (CA$265.1K) do not cover its short term liabilities (CA$1.0M).
Long Term Liabilities: AFF has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AFF has more cash than its total debt.
Reducing Debt: AFF's debt to equity ratio has increased from 1.1% to 12.8% 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: AFF has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: AFF has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 15% each year.