Ares Strategic Mining Balance Sheet Health
Financial Health criteria checks 1/6
Ares Strategic Mining has a total shareholder equity of CA$11.3M and total debt of CA$18.1M, which brings its debt-to-equity ratio to 160.2%. Its total assets and total liabilities are CA$30.1M and CA$18.8M respectively.
Key information
160.2%
Debt to equity ratio
CA$18.06m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$271.31k |
| Equity | CA$11.28m |
| Total liabilities | CA$18.80m |
| Total assets | CA$30.08m |
Financial Position Analysis
Short Term Liabilities: ARS's short term assets (CA$14.7M) exceed its short term liabilities (CA$3.5M).
Long Term Liabilities: ARS's short term assets (CA$14.7M) do not cover its long term liabilities (CA$15.3M).
Debt to Equity History and Analysis
Debt Level: ARS's net debt to equity ratio (157.8%) is considered high.
Reducing Debt: ARS's debt to equity ratio has increased from 0% to 160.2% 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 36.4% each year