Battery X Metals Balance Sheet Health
Financial Health criteria checks 4/6
Battery X Metals has a total shareholder equity of CA$1.4M and total debt of CA$84.0K, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are CA$3.1M and CA$1.7M respectively.
Key information
5.8%
Debt to equity ratio
CA$83.98k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$85.00 |
| Equity | CA$1.45m |
| Total liabilities | CA$1.68m |
| Total assets | CA$3.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BATX's short term assets (CA$281.9K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: BATX's short term assets (CA$281.9K) exceed its long term liabilities (CA$97.2K).
Debt to Equity History and Analysis
Debt Level: BATX's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: BATX's debt to equity ratio has increased from 0% to 5.8% 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: BATX has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BATX is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.