Sorrento Resources Balance Sheet Health
Financial Health criteria checks 3/6
Sorrento Resources has a total shareholder equity of CA$656.6K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$880.2K and CA$223.6K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$19.26k |
| Equity | CA$656.63k |
| Total liabilities | CA$223.57k |
| Total assets | CA$880.20k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRS's short term assets (CA$86.7K) do not cover its short term liabilities (CA$223.6K).
Long Term Liabilities: SRS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRS is debt free.
Reducing Debt: SRS has not had any debt for 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: SRS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SRS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.7% each year