Ares Strategic Mining Balance Sheet Health
Financial Health criteria checks 1/6
Ares Strategic Mining has a total shareholder equity of CA$36.4M and total debt of CA$35.0M, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are CA$73.9M and CA$37.5M respectively.
Key information
96.18%
Debt to equity ratio
CA$34.98m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$12.08m |
| Equity | CA$36.36m |
| Total liabilities | CA$37.53m |
| Total assets | CA$73.90m |
Recent financial health updates
Is Ares Strategic Mining (CSE:ARS) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...We Think Ares Strategic Mining (CSE:ARS) Has A Fair Chunk Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Recent updates
(Deep Dive Series) Ares Strategic Mining, Only US Fluorspar Mine + $250M Contract Potential
In this deep dive series, we discuss Ares Strategic Mining (CSE: ARS) controls the only permitted fluorspar mine in the US at Lost Sheep, Utah. With mining underway, processing plant commissioning advancing, and a major US$169M initial DoD contract (ceiling US$250M), Ares is positioned to supply critical fluorspar for defense, semiconductors, batteries, and industry.Ares Strategic Mining: $250M Pentagon Contract vs C$76M Market Cap
Disclaimer This material is provided for informational and educational purposes only and should not be considered financial, investment, legal, tax, or other professional advice. The views expressed are based on publicly available information, company filings, technical reports, news releases, presentations, and personal analysis at the time of writing, and they may change without notice.Is Ares Strategic Mining (CSE:ARS) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...We Think Ares Strategic Mining (CSE:ARS) Has A Fair Chunk Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Financial Position Analysis
Short Term Liabilities: ARS's short term assets (CA$16.1M) exceed its short term liabilities (CA$11.8M).
Long Term Liabilities: ARS's short term assets (CA$16.1M) do not cover its long term liabilities (CA$25.7M).
Debt to Equity History and Analysis
Debt Level: ARS's net debt to equity ratio (63%) is considered high.
Reducing Debt: ARS's debt to equity ratio has increased from 9.5% to 96.2% 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: ARS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ARS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/21 22:34 |
| End of Day Share Price | 2026/07/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ares Strategic Mining Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.