Spey Resources Balance Sheet Health
Financial Health criteria checks 2/6
Spey Resources has a total shareholder equity of CA$3.0M and total debt of CA$22.4K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CA$4.0M and CA$980.8K respectively.
Key information
0.7%
Debt to equity ratio
CA$22.42k
Debt
Interest coverage ratio | n/a |
Cash | CA$248.78k |
Equity | CA$2.99m |
Total liabilities | CA$980.78k |
Total assets | CA$3.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPEY's short term assets (CA$456.0K) do not cover its short term liabilities (CA$980.8K).
Long Term Liabilities: SPEY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SPEY has more cash than its total debt.
Reducing Debt: SPEY's debt to equity ratio has increased from 0% to 0.7% 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: SPEY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SPEY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.4% each year