Defense Metals Balance Sheet Health
Financial Health criteria checks 6/6
Defense Metals has a total shareholder equity of CA$41.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$43.0M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.17m |
Equity | CA$41.62m |
Total liabilities | CA$1.35m |
Total assets | CA$42.97m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DEFN's short term assets (CA$3.5M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: DEFN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DEFN is debt free.
Reducing Debt: DEFN has not had any debt for 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: DEFN has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DEFN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.