Cantex Mine Development Balance Sheet Health
Financial Health criteria checks 4/6
Cantex Mine Development has a total shareholder equity of CA$4.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.9M and CA$882.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.02m |
| Equity | CA$4.01m |
| Total liabilities | CA$882.51k |
| Total assets | CA$4.89m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CD's short term assets (CA$4.4M) exceed its short term liabilities (CA$476.5K).
Long Term Liabilities: CD's short term assets (CA$4.4M) exceed its long term liabilities (CA$406.0K).
Debt to Equity History and Analysis
Debt Level: CD is debt free.
Reducing Debt: CD currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: CD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.2% each year