Wedgemount Resources Balance Sheet Health
Financial Health criteria checks 0/6
Wedgemount Resources has a total shareholder equity of CA$2.7M and total debt of CA$1.5M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are CA$6.7M and CA$4.0M respectively.
Key information
57.4%
Debt to equity ratio
CA$1.55m
Debt
Interest coverage ratio | n/a |
Cash | CA$335.35k |
Equity | CA$2.70m |
Total liabilities | CA$4.04m |
Total assets | CA$6.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WDGY's short term assets (CA$757.1K) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: WDGY's short term assets (CA$757.1K) do not cover its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: WDGY's net debt to equity ratio (45%) is considered high.
Reducing Debt: Insufficient data to determine if WDGY's debt to equity ratio has reduced 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: WDGY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WDGY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 60.2% each year