Quebec Rare Earth Elements Balance Sheet Health
Financial Health criteria checks 6/6
Quebec Rare Earth Elements has a total shareholder equity of CA$5.8M and total debt of CA$11.7K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CA$6.1M and CA$299.2K respectively.
Key information
0.2%
Debt to equity ratio
CA$11.70k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$975.20k |
| Equity | CA$5.81m |
| Total liabilities | CA$299.20k |
| Total assets | CA$6.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QREE's short term assets (CA$990.9K) exceed its short term liabilities (CA$299.2K).
Long Term Liabilities: QREE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: QREE has more cash than its total debt.
Reducing Debt: QREE's debt to equity ratio has reduced from 0.2% to 0.2% 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: QREE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: QREE has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 26.4% each year.