Amaroq Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Amaroq Minerals has a total shareholder equity of CA$64.3M and total debt of CA$35.7M, which brings its debt-to-equity ratio to 55.6%. Its total assets and total liabilities are CA$107.0M and CA$42.7M respectively.
Key information
55.6%
Debt to equity ratio
CA$35.74m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$21.01m |
| Equity | CA$64.28m |
| Total liabilities | CA$42.67m |
| Total assets | CA$106.95m |
Recent financial health updates
Amaroq Minerals (CVE:AMRQ) Will Have To Spend Its Cash Wisely
Oct 02
Is AEX Gold (CVE:AEX) In A Good Position To Deliver On Growth Plans?
Mar 22Here's Why We're Watching AEX Gold's (CVE:AEX) Cash Burn Situation
Dec 03We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth
Jul 11We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth
Mar 21Here's Why We're Not At All Concerned With AEX Gold's (CVE:AEX) Cash Burn Situation
Dec 09Recent updates
Amaroq Minerals (CVE:AMRQ) Will Have To Spend Its Cash Wisely
Oct 02Is AEX Gold (CVE:AEX) In A Good Position To Deliver On Growth Plans?
Mar 22Here's Why We're Watching AEX Gold's (CVE:AEX) Cash Burn Situation
Dec 03We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth
Jul 11We Think AEX Gold (CVE:AEX) Can Afford To Drive Business Growth
Mar 21Here's Why We're Not At All Concerned With AEX Gold's (CVE:AEX) Cash Burn Situation
Dec 09Financial Position Analysis
Short Term Liabilities: AMRQ's short term assets (CA$44.0M) exceed its short term liabilities (CA$42.1M).
Long Term Liabilities: AMRQ's short term assets (CA$44.0M) exceed its long term liabilities (CA$577.2K).
Debt to Equity History and Analysis
Debt Level: AMRQ's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: AMRQ's debt to equity ratio has increased from 0% to 55.6% 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: AMRQ has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AMRQ is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.