Xcite Resources Balance Sheet Health
Financial Health criteria checks 2/6
Xcite Resources has a total shareholder equity of CA$299.8K and total debt of CA$30.0K, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CA$533.0K and CA$233.2K respectively.
Key information
10.0%
Debt to equity ratio
CA$30.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$11.59k |
Equity | CA$299.81k |
Total liabilities | CA$233.23k |
Total assets | CA$533.05k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XRI's short term assets (CA$40.3K) do not cover its short term liabilities (CA$233.2K).
Long Term Liabilities: XRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XRI's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if XRI'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: XRI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: XRI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.8% each year