Arctic Star Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Arctic Star Exploration has a total shareholder equity of CA$7.8M and total debt of CA$354.8K, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CA$8.9M and CA$1.1M respectively.
Key information
4.5%
Debt to equity ratio
CA$354.83k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$22.85k |
| Equity | CA$7.85m |
| Total liabilities | CA$1.08m |
| Total assets | CA$8.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADD's short term assets (CA$344.0K) do not cover its short term liabilities (CA$1.1M).
Long Term Liabilities: ADD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ADD's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: ADD's debt to equity ratio has increased from 3.7% to 4.5% 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: ADD has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADD is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.