Faraday Copper Balance Sheet Health

Financial Health criteria checks 6/6

Faraday Copper has a total shareholder equity of CA$42.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$44.5M and CA$2.3M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$22.09m
Equity	CA$42.22m
Total liabilities	CA$2.33m
Total assets	CA$44.55m

Recent financial health updates

We Think Faraday Copper (TSE:FDY) Needs To Drive Business Growth Carefully

Dec 04

Here's Why We're Not Too Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Aug 10

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Jan 19

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Sep 02

Here's Why We're A Bit Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

May 17

Is Faraday Copper (TSE:FDY) In A Good Position To Deliver On Growth Plans?

Dec 09

Recent updates

We Think Faraday Copper (TSE:FDY) Needs To Drive Business Growth Carefully

Dec 04

Here's Why We're Not Too Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Aug 10

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Jan 19

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Sep 02

Here's Why We're A Bit Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

May 17

Is Faraday Copper (TSE:FDY) In A Good Position To Deliver On Growth Plans?

Dec 09

Is Faraday Copper (CSE:FDY) In A Good Position To Invest In Growth?

Aug 26

Financial Position Analysis

Short Term Liabilities: FDY's short term assets (CA$22.5M) exceed its short term liabilities (CA$2.3M).

Long Term Liabilities: FDY has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FDY is debt free.

Reducing Debt: FDY has no debt compared to 5 years ago when its debt to equity ratio was 3.1%.

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: FDY has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FDY has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 51% each year.

Discover healthy companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 09:46
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Faraday Copper Corp. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexander Robert Pearce	BMO Capital Markets Equity Research
Rene Cartier	BMO Capital Markets Equity Research
Alexander Terentiew	Stifel Canada

Faraday Copper Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

We Think Faraday Copper (TSE:FDY) Needs To Drive Business Growth Carefully

Here's Why We're Not Too Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Here's Why We're A Bit Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Is Faraday Copper (TSE:FDY) In A Good Position To Deliver On Growth Plans?

Recent updates

Price target increased by 8.8% to CA$1.45

We Think Faraday Copper (TSE:FDY) Needs To Drive Business Growth Carefully

Faraday Copper Corp. Intersects 23.25 Metres At 1.58% Copper Within 57.73 Metres At 0.85% Copper in the Rum Area

Faraday Copper Corp. Intersects 1.31% Copper over 22.65 Metres Within 50.20 Metres At 0.74% Copper Near Surface At the Banjo Breccia

Price target increased by 9.0% to CA$1.42

Faraday Copper Corp. Announces Results of Two Drill Holes from Its Ongoing Phase III Drill Program At the Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. Announces the Results of Two Drill Holes from its Ongoing Phase III Drill Program at the Copper Creek Project, Located in Arizona, U.S

Here's Why We're Not Too Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Faraday Copper Corp. Announces the Results of an Additional Four Drill Holes from its Ongoing Phase III Drill Program at the Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. Announce the Results of Nine Drill Holes from Its Ongoing Phase III Drill Program at the Copper Creek Project, Located in Arizona, U.S

Price target decreased by 13% to CA$1.29

Independent Chairman of the Board recently bought CA$100k worth of stock

Faraday Copper Corp. has completed a Follow-on Equity Offering in the amount of CAD 20 million.

New minor risk - Shareholder dilution

New major risk - Financial position

Faraday Copper Corp. has filed a Follow-on Equity Offering in the amount of CAD 20 million.

Faraday Copper Corp. Announces the Results of Five Drill Holes from Its Phase III Program At the Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. Reports New Gold Assay Results from the Keel Zone Including 0.28 G/T Gold and Confirming 1.34% Copper over 103.64 Metres At the Copper Creek Project

Faraday Copper Receives Approval from the Bureau of Land Management for its Notice of Intent to Conduct Drilling at its Copper Creek Project in Arizona

Faraday Copper Corp., Annual General Meeting, Jun 13, 2024

Price target decreased by 8.5% to CA$1.35

Faraday Copper Corp. Announces Results of Four Drill Holes from its Phase III Program at the Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. Announces the Results of an Additional Four Drill Holes from Its Phase III Program At the Copper Creek Project

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Faraday Copper Corp. Discovers New Mineralized Breccia 800 Meters Southeast of the Existing Mineral Resource

New major risk - Financial position

Faraday Copper Corp. Initiates Phase III Drill Program At the Copper Creek Project in Arizona, USA

Faraday Copper Corp. Reports Gold Assay Results from the Childs Aldwinkle Breccia at the Copper Creek Project in Arizona

Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

Price target decreased by 7.1% to CA$1.63

New minor risk - Market cap size

Faraday Copper Corp. Announces the Results from Six Drill Holes At Its Copper Creek Project, Located in Arizona, U.S

New minor risk - Market cap size

Faraday Copper Corp. Announces the Results from Five Drill Holes At Its Copper Creek Project, Located in Arizona, U.S

Here's Why We're A Bit Worried About Faraday Copper's (TSE:FDY) Cash Burn Situation

Price target increased by 16% to CA$1.75

Faraday Copper Corp. Announces the Results from A Preliminary Economic Assessment and an Updated Mineral Resource Estimate for its Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. announced that it has received CAD 39.99976 million in funding

Faraday Copper Corp. announced that it expects to receive CAD 30 million in funding from Canaccord Genuity Group Inc.

Faraday Copper Reports 33.77 Metres At 3.43% Copper Within 65.20 Meters At 1.88% Copper At Copper Creek in Arizona

Faraday Copper Corp. Reports 15 Metres At 10.83% Copper, 1.65 G/T Gold and 55.62 G/T Silver At Copper Creek in Arizona

Faraday Copper Corp. Provides an Exploration Update at its Copper Creek Project in Arizona, USA

Faraday Copper Corp. Intersects Massive Copper Sulphide and Provides Exploration Update At the Copper Creek Project in Arizona

Faraday Copper Corp. Provides Update on Preliminary Economic Assessment and Mineral Resource Estimate for the Copper Creek Project in Arizona

Is Faraday Copper (TSE:FDY) In A Good Position To Deliver On Growth Plans?

High number of new and inexperienced directors

Faraday Copper Corp. Appoints Arndt Brettschneider to the Board

Faraday Copper Initiates 10,000-metre Drill Program at Copper Creek in Arizona

Faraday Copper Corp. Announces Results from an Additional Three Drill Holes At Its Copper Creek Project, Located in Arizona, U.S

Faraday Copper Corp. Announces Results from Five Drill Holes of Its Nine-Drill-Hole Phase I Diamond Drill Program At the Copper Creek Project, Located in Arizona

Is Faraday Copper (CSE:FDY) In A Good Position To Invest In Growth?

Faraday Copper Corp. Announces Updated Mineral Resource Estimate for the Copper Creek Project in Arizona

High number of new and inexperienced directors

Faraday Copper Corp. Delivers Geological Model and Exploration Plan for Copper Creek Project

Faraday Copper Corp. announced that it has received CAD 20 million in funding

High number of new and inexperienced directors

Copperbank Resources Corp. Approves New Board Members

Copperbank Resources Corp. Confirms Historic, High-Grade Copper Intercepts and Identifies Mineralized Zones in Previously Unsampled Core At Copper Creek Project in Arizona

High number of new and inexperienced directors

Copperbank Resources Corp., Annual General Meeting, Apr 19, 2022

Copperbank Resources Corp. Commences Drilling At its Copper Creek Project in Arizona

Director recently bought CA$56k worth of stock

Less than half of directors are independent

Independent Director Gavin Dirom has left the company

CEO & Director exercised options to buy CA$103k worth of stock.

CopperBank Identifies Additional Exploration Targets At Copper Creek

CopperBank Resources Corp. Advances Copper Creek Data Review and Identifies Exploration Targets

Copperbank Resources Corp., Annual General Meeting, Apr 22, 2021

Copperbank Resources Corp. announced that it has received CAD 1.257325 million in funding