Forty Pillars Mining Balance Sheet Health
Financial Health criteria checks 4/6
Forty Pillars Mining has a total shareholder equity of CA$116.6K and total debt of CA$10.0K, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CA$542.7K and CA$426.1K respectively.
Key information
8.6%
Debt to equity ratio
CA$10.04k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.74k |
Equity | CA$116.58k |
Total liabilities | CA$426.08k |
Total assets | CA$542.66k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLLR's short term assets (CA$5.7K) do not cover its short term liabilities (CA$426.1K).
Long Term Liabilities: PLLR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PLLR's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PLLR's debt to equity ratio has reduced 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: PLLR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PLLR is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.