Elemental Altus Royalties Balance Sheet Health
Financial Health criteria checks 4/6
Elemental Altus Royalties has a total shareholder equity of $155.2M and total debt of $30.0M, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are $188.9M and $33.7M respectively.
Key information
19.3%
Debt to equity ratio
US$30.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$11.29m |
| Equity | US$155.20m |
| Total liabilities | US$33.72m |
| Total assets | US$188.92m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ELE's short term assets ($18.8M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: ELE's short term assets ($18.8M) do not cover its long term liabilities ($31.7M).
Debt to Equity History and Analysis
Debt Level: ELE's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: ELE's debt to equity ratio has reduced from 45.2% to 19.3% over the 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: ELE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ELE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.