Patriot Battery Metals Balance Sheet Health
Financial Health criteria checks 4/6
Patriot Battery Metals has a total shareholder equity of CA$245.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$306.3M and CA$61.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$70.46m |
| Equity | CA$245.12m |
| Total liabilities | CA$61.22m |
| Total assets | CA$306.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMET's short term assets (CA$82.1M) exceed its short term liabilities (CA$39.9M).
Long Term Liabilities: PMET's short term assets (CA$82.1M) exceed its long term liabilities (CA$21.4M).
Debt to Equity History and Analysis
Debt Level: PMET is debt free.
Reducing Debt: PMET 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: PMET has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PMET has less than a year of cash runway if free cash flow continues to reduce at historical rates of 68% each year