BeMetals Balance Sheet Health

Financial Health criteria checks 4/6

BeMetals has a total shareholder equity of CA$21.5M and total debt of CA$9.0M, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are CA$30.7M and CA$9.3M respectively.

Key information

42.0%

Debt to equity ratio

CA$9.03m

Debt

Interest coverage ration/a
CashCA$2.86m
EquityCA$21.49m
Total liabilitiesCA$9.26m
Total assetsCA$30.74m

Recent financial health updates

Recent updates

Would BeMetals (CVE:BMET) Be Better Off With Less Debt?

May 13
Would BeMetals (CVE:BMET) Be Better Off With Less Debt?

Does BeMetals (CVE:BMET) Have A Healthy Balance Sheet?

Jan 27
Does BeMetals (CVE:BMET) Have A Healthy Balance Sheet?

Here's Why We're Not Too Worried About BeMetals' (CVE:BMET) Cash Burn Situation

Nov 28
Here's Why We're Not Too Worried About BeMetals' (CVE:BMET) Cash Burn Situation

Financial Position Analysis

Short Term Liabilities: BMET's short term assets (CA$3.2M) exceed its short term liabilities (CA$226.1K).

Long Term Liabilities: BMET's short term assets (CA$3.2M) do not cover its long term liabilities (CA$9.0M).


Debt to Equity History and Analysis

Debt Level: BMET's net debt to equity ratio (28.7%) is considered satisfactory.

Reducing Debt: BMET's debt to equity ratio has increased from 0% to 42% 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: BMET has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BMET is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


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