Bullet Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Bullet Exploration has a total shareholder equity of CA$350.4K and total debt of CA$140.0K, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CA$542.6K and CA$192.3K respectively.
Key information
40.0%
Debt to equity ratio
CA$140.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$13.13k |
| Equity | CA$350.37k |
| Total liabilities | CA$192.26k |
| Total assets | CA$542.63k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AMMO's short term assets (CA$17.0K) do not cover its short term liabilities (CA$192.3K).
Long Term Liabilities: AMMO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AMMO's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AMMO's debt to equity ratio has reduced 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: AMMO has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AMMO is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.