Gelum Resources Balance Sheet Health
Financial Health criteria checks 3/6
Gelum Resources has a total shareholder equity of CA$2.3M and total debt of CA$45.0K, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CA$2.6M and CA$337.8K respectively.
Key information
2.0%
Debt to equity ratio
CA$45.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$21.27k |
Equity | CA$2.27m |
Total liabilities | CA$337.75k |
Total assets | CA$2.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMR's short term assets (CA$60.2K) do not cover its short term liabilities (CA$337.8K).
Long Term Liabilities: GMR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GMR's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: GMR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: GMR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 46.6% each year