Cartier Resources Balance Sheet Health
Financial Health criteria checks 4/6
Cartier Resources has a total shareholder equity of CA$42.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$47.3M and CA$5.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$4.85m |
Equity | CA$42.12m |
Total liabilities | CA$5.14m |
Total assets | CA$47.26m |
Recent financial health updates
Is Cartier Resources (CVE:ECR) In A Good Position To Deliver On Growth Plans?
Nov 04We're Not Very Worried About Cartier Resources' (CVE:ECR) Cash Burn Rate
Jul 22We Think Cartier Resources (CVE:ECR) Can Afford To Drive Business Growth
Mar 05We're Hopeful That Cartier Resources (CVE:ECR) Will Use Its Cash Wisely
Nov 20Recent updates
Is Cartier Resources (CVE:ECR) In A Good Position To Deliver On Growth Plans?
Nov 04We're Not Very Worried About Cartier Resources' (CVE:ECR) Cash Burn Rate
Jul 22We Think Cartier Resources (CVE:ECR) Can Afford To Drive Business Growth
Mar 05We're Hopeful That Cartier Resources (CVE:ECR) Will Use Its Cash Wisely
Nov 20Financial Position Analysis
Short Term Liabilities: ECR's short term assets (CA$5.2M) exceed its short term liabilities (CA$344.9K).
Long Term Liabilities: ECR's short term assets (CA$5.2M) exceed its long term liabilities (CA$4.8M).
Debt to Equity History and Analysis
Debt Level: ECR is debt free.
Reducing Debt: ECR had no debt 5 years ago.
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: ECR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ECR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.4% each year