Cornish Metals Balance Sheet Health
Financial Health criteria checks 4/6
Cornish Metals has a total shareholder equity of CA$90.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$104.2M and CA$14.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$28.46m |
| Equity | CA$90.09m |
| Total liabilities | CA$14.13m |
| Total assets | CA$104.22m |
Financial Position Analysis
Short Term Liabilities: CUSN's short term assets (CA$30.3M) exceed its short term liabilities (CA$5.1M).
Long Term Liabilities: CUSN's short term assets (CA$30.3M) exceed its long term liabilities (CA$9.1M).
Debt to Equity History and Analysis
Debt Level: CUSN is debt free.
Reducing Debt: CUSN has no debt compared to 5 years ago when its debt to equity ratio was 65.9%.
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: CUSN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CUSN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 37.9% each year