Quebec Rare Earth Elements Balance Sheet Health
Financial Health criteria checks 4/6
Quebec Rare Earth Elements has a total shareholder equity of CA$4.2M and total debt of CA$11.4K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CA$4.4M and CA$134.3K respectively.
Key information
0.3%
Debt to equity ratio
CA$11.40k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$91.60k |
| Equity | CA$4.24m |
| Total liabilities | CA$134.30k |
| Total assets | CA$4.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QREE's short term assets (CA$106.2K) do not cover its short term liabilities (CA$134.3K).
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 increased from 0.07% to 0.3% 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 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: QREE is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.