Erdene Resource Development Balance Sheet Health
Financial Health criteria checks 4/6
Erdene Resource Development has a total shareholder equity of CA$57.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$57.8M and CA$316.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.97m |
| Equity | CA$57.50m |
| Total liabilities | CA$316.71k |
| Total assets | CA$57.82m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ERD's short term assets (CA$3.3M) exceed its short term liabilities (CA$316.7K).
Long Term Liabilities: ERD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ERD is debt free.
Reducing Debt: ERD 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: ERD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ERD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.4% each year