Solaris Resources Balance Sheet Health
Financial Health criteria checks 5/6
Solaris Resources has a total shareholder equity of $25.4M and total debt of $29.4M, which brings its debt-to-equity ratio to 115.5%. Its total assets and total liabilities are $61.8M and $36.4M respectively.
Key information
115.5%
Debt to equity ratio
US$29.36m
Debt
| Interest coverage ratio | n/a |
| Cash | US$38.87m |
| Equity | US$25.43m |
| Total liabilities | US$36.39m |
| Total assets | US$61.82m |
Recent financial health updates
Is Solaris Resources (TSE:SLS) In A Good Position To Deliver On Growth Plans?
Apr 22
Is Solaris Resources (TSE:SLS) In A Good Position To Invest In Growth?
Jan 21Companies Like Solaris Resources (TSE:SLS) Are In A Position To Invest In Growth
Oct 03We're Not Very Worried About Solaris Resources' (TSE:SLS) Cash Burn Rate
May 25We're Not Very Worried About Solaris Resources' (CVE:SLS) Cash Burn Rate
Dec 02Recent updates
Is Solaris Resources (TSE:SLS) In A Good Position To Deliver On Growth Plans?
Apr 22Is Solaris Resources (TSE:SLS) In A Good Position To Invest In Growth?
Jan 21Companies Like Solaris Resources (TSE:SLS) Are In A Position To Invest In Growth
Oct 03We're Not Very Worried About Solaris Resources' (TSE:SLS) Cash Burn Rate
May 25What Kind Of Investors Own Most Of Solaris Resources Inc. (TSE:SLS)?
Feb 25The Executive Chairman of Solaris Resources Inc. (CVE:SLS), Richard Warke, Just Bought 32% More Shares
Jan 03
We're Not Very Worried About Solaris Resources' (CVE:SLS) Cash Burn Rate
Dec 02Financial Position Analysis
Short Term Liabilities: SLS's short term assets ($39.4M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: SLS's short term assets ($39.4M) exceed its long term liabilities ($31.0M).
Debt to Equity History and Analysis
Debt Level: SLS has more cash than its total debt.
Reducing Debt: SLS's debt to equity ratio has increased from 0% to 115.5% 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: SLS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SLS is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.