Foran Mining Balance Sheet Health
Financial Health criteria checks 5/6
Foran Mining has a total shareholder equity of CA$459.5M and total debt of CA$42.0M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CA$543.0M and CA$83.5M respectively.
Key information
9.1%
Debt to equity ratio
CA$42.03m
Debt
Interest coverage ratio | n/a |
Cash | CA$210.40m |
Equity | CA$459.50m |
Total liabilities | CA$83.51m |
Total assets | CA$543.00m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FOM's short term assets (CA$215.2M) exceed its short term liabilities (CA$40.4M).
Long Term Liabilities: FOM's short term assets (CA$215.2M) exceed its long term liabilities (CA$43.1M).
Debt to Equity History and Analysis
Debt Level: FOM has more cash than its total debt.
Reducing Debt: FOM's debt to equity ratio has increased from 0% to 9.1% 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: FOM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FOM has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 53.6% each year.