Spearmint Resources Balance Sheet Health
Financial Health criteria checks 5/6
Spearmint Resources has a total shareholder equity of CA$4.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.0M and CA$32.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$551.77k |
Equity | CA$4.01m |
Total liabilities | CA$32.38k |
Total assets | CA$4.04m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPMT's short term assets (CA$556.0K) exceed its short term liabilities (CA$32.4K).
Long Term Liabilities: SPMT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SPMT is debt free.
Reducing Debt: SPMT had no debt 5 years ago.
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: SPMT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPMT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.7% each year