Element 29 Resources Balance Sheet Health

Financial Health criteria checks 4/6

Element 29 Resources has a total shareholder equity of CA$15.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$15.9M and CA$177.0K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.23m
Equity	CA$15.75m
Total liabilities	CA$177.01k
Total assets	CA$15.93m

Recent financial health updates

Recent updates

Is Element 29 Resources (CVE:ECU) In A Good Position To Invest In Growth?

Oct 24

We're Hopeful That Element 29 Resources (CVE:ECU) Will Use Its Cash Wisely

Jul 11

We Think Element 29 Resources (CVE:ECU) Can Afford To Drive Business Growth

Mar 28

Financial Position Analysis

Short Term Liabilities: ECU's short term assets (CA$1.5M) exceed its short term liabilities (CA$163.4K).

Long Term Liabilities: ECU's short term assets (CA$1.5M) exceed its long term liabilities (CA$13.6K).

Debt to Equity History and Analysis

Debt Level: ECU is debt free.

Reducing Debt: ECU 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: ECU has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ECU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 29.4% each year

Element 29 Resources Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Is Element 29 Resources (CVE:ECU) In A Good Position To Invest In Growth?

We're Hopeful That Element 29 Resources (CVE:ECU) Will Use Its Cash Wisely

We Think Element 29 Resources (CVE:ECU) Can Afford To Drive Business Growth

Recent updates

New major risk - Market cap size

Less than half of directors are independent

Element 29 Resources Inc. Announces Chief Executive Officer Changes

New major risk - Financial position

New major risk - Market cap size

New minor risk - Share price stability

Element 29 Resources Inc. announced that it has received CAD 2.856788 million in funding

Element 29 Resources Inc. announced that it has received CAD 2.856788 million in funding

Element 29 Resources Inc. announced that it expects to receive CAD 2 million in funding

Element 29 Resources Inc., Annual General Meeting, Sep 07, 2023

Element 29 Resources Inc. announced that it expects to receive CAD 2 million in funding

Element 29 Resources Inc. announced that it expects to receive CAD 1.25 million in funding

Element 29 Resources Inc. Commences Phase 2 Drill Program At the Elida Copper Deposit in Peru

Element 29 Resources Inc. Announces Completion of Initial Independent Inferred Mineral Resource Estimate At Elida Porphyry Copper-Molybdenum Deposit in West-Central Peru

Element 29 Resources Inc. Releases Final Results from Flor De Cobre Drill Program Including 329.4 Metres of 0.56% Cu in Hole Fdc011

Element 29 Resources Inc. Completes Validation of Flor De Cobre Historical Drilling and Will Proceed with Mineral Resource Estimation

Element 29 Resources Inc., Annual General Meeting, Jun 29, 2022

President recently bought CA$52k worth of stock

Element 29 Resources Inc. Announces Results from Its Two Initial Drill Holes of the 4,000 Metre, Eleven-Hole Drill Program at the Flor De Cobre Copper Project Located in Southern Perú

Element 29 Resources Inc. Appoints Steve Stakiw as President and A Director, the Appointment Is Effective April 11, 2022

Element 29 Resources Inc. Commences Drilling At Its Flor De Cobre Copper Project, Perú

Insider recently bought CA$100k worth of stock

Element 29 Resources Inc. Announces Results from the Last Three Drill Holes of the Seven-Hole, 4,500 Metre ("M") Drilling Program Completed in December 2021 At Its 100% Owned Elida Copper Project Located in Central Perú

Element 29 Resources Inc. announced that it has received CAD 6.8988 million in funding

Is Element 29 Resources (CVE:ECU) In A Good Position To Invest In Growth?

Element 29 Resources Inc. Commences Drilling At Its Elida Copper Project

We're Hopeful That Element 29 Resources (CVE:ECU) Will Use Its Cash Wisely

Element 29 Resources Inc. Receives Drill Permits and Commences 2021 Exploration Program at the Elida Copper Project, Peru

Insider recently bought CA$69k worth of stock

We Think Element 29 Resources (CVE:ECU) Can Afford To Drive Business Growth

Element 29 Provides Update for Flor De Cobre Copper Project, Peru

Element 29 Resources Inc. Appoints Paul Johnston as Vice-President, Exploration

Element 29 Resources Inc. Provides Update for Elida Copper Project, Peru

Element 29 Resources Inc. has completed an IPO in the amount of CAD 6.6552 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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