Electric Royalties Balance Sheet Health
Financial Health criteria checks 1/6
Electric Royalties has a total shareholder equity of CA$13.9M and total debt of CA$6.2M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are CA$20.5M and CA$6.6M respectively.
Key information
44.5%
Debt to equity ratio
CA$6.18m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$517.92k |
| Equity | CA$13.90m |
| Total liabilities | CA$6.61m |
| Total assets | CA$20.50m |
Financial Position Analysis
Short Term Liabilities: ELEC's short term assets (CA$691.0K) exceed its short term liabilities (CA$415.8K).
Long Term Liabilities: ELEC's short term assets (CA$691.0K) do not cover its long term liabilities (CA$6.2M).
Debt to Equity History and Analysis
Debt Level: ELEC's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: Insufficient data to determine if ELEC's debt to equity ratio has reduced 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: ELEC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELEC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.9% each year