Barksdale Resources Balance Sheet Health
Financial Health criteria checks 4/6
Barksdale Resources has a total shareholder equity of CA$19.4M and total debt of CA$1.7M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are CA$23.9M and CA$4.5M respectively.
Key information
9.0%
Debt to equity ratio
CA$1.74m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.12m |
| Equity | CA$19.38m |
| Total liabilities | CA$4.49m |
| Total assets | CA$23.87m |
Financial Position Analysis
Short Term Liabilities: BRO's short term assets (CA$1.5M) do not cover its short term liabilities (CA$4.5M).
Long Term Liabilities: BRO's short term assets (CA$1.5M) exceed its long term liabilities (CA$31.5K).
Debt to Equity History and Analysis
Debt Level: BRO's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: BRO's debt to equity ratio has increased from 0% to 9% 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: BRO has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BRO is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.