Faraday Copper Balance Sheet Health

Financial Health criteria checks 6/6

Faraday Copper has a total shareholder equity of CA$46.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$48.3M and CA$1.8M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$25.82m
EquityCA$46.54m
Total liabilitiesCA$1.78m
Total assetsCA$48.32m

Recent financial health updates

Recent updates

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

Aug 10
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

Jan 19
Here's Why Faraday Copper (TSE:FDY) Must Use Its Cash Wisely

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

Sep 02
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

May 17
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?

Dec 09
Is Faraday Copper (TSE:FDY) In A Good Position To Deliver On Growth Plans?

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

Aug 26
Is Faraday Copper (CSE:FDY) In A Good Position To Invest In Growth?

Financial Position Analysis

Short Term Liabilities: FDY's short term assets (CA$26.0M) exceed its short term liabilities (CA$1.8M).

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 3.2%.


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 years if free cash flow continues to reduce at historical rates of 53.7% each year.


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