Geologica Resource Balance Sheet Health
Financial Health criteria checks 3/6
Geologica Resource has a total shareholder equity of CA$12.1K and total debt of CA$196.5K, which brings its debt-to-equity ratio to 1618.7%. Its total assets and total liabilities are CA$476.7K and CA$464.6K respectively.
Key information
1,618.7%
Debt to equity ratio
CA$196.50k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$47.09k |
| Equity | CA$12.14k |
| Total liabilities | CA$464.59k |
| Total assets | CA$476.73k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRCM's short term assets (CA$121.7K) do not cover its short term liabilities (CA$464.6K).
Long Term Liabilities: GRCM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GRCM's net debt to equity ratio (1230.8%) is considered high.
Reducing Debt: GRCM's debt to equity ratio has increased from 31% to 1618.7% 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: GRCM has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GRCM is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.