Irving Resources Balance Sheet Health
Financial Health criteria checks 4/6
Irving Resources has a total shareholder equity of CA$50.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$50.6M and CA$505.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.75m |
| Equity | CA$50.05m |
| Total liabilities | CA$505.19k |
| Total assets | CA$50.56m |
Recent financial health updates
Here's Why We're A Bit Worried About Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 06
Is Irving Resources (CSE:IRV) In A Good Position To Invest In Growth?
Nov 10Here's Why We're Watching Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 08Companies Like Irving Resources (CSE:IRV) Are In A Position To Invest In Growth
Nov 02We Think Irving Resources (CSE:IRV) Can Afford To Drive Business Growth
Jun 15Here's Why We're Not Too Worried About Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 01Recent updates
Here's Why We're A Bit Worried About Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 06Is Irving Resources (CSE:IRV) In A Good Position To Invest In Growth?
Nov 10Here's Why We're Watching Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 08Companies Like Irving Resources (CSE:IRV) Are In A Position To Invest In Growth
Nov 02We Think Irving Resources (CSE:IRV) Can Afford To Drive Business Growth
Jun 15Here's Why We're Not Too Worried About Irving Resources' (CSE:IRV) Cash Burn Situation
Mar 01Here's Why We're Not Too Worried About Irving Resources' (CSE:IRV) Cash Burn Situation
Nov 13We Think Irving Resources (CSE:IRV) Needs To Drive Business Growth Carefully
Jul 31We Think Irving Resources (CSE:IRV) Needs To Drive Business Growth Carefully
Apr 13Here's Why We're Watching Irving Resources' (CSE:IRV) Cash Burn Situation
Dec 29
Financial Position Analysis
Short Term Liabilities: IRV's short term assets (CA$3.8M) exceed its short term liabilities (CA$443.7K).
Long Term Liabilities: IRV's short term assets (CA$3.8M) exceed its long term liabilities (CA$61.5K).
Debt to Equity History and Analysis
Debt Level: IRV is debt free.
Reducing Debt: IRV has not had any debt for 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: IRV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IRV has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.8% each year