Equity Metals Balance Sheet Health
Financial Health criteria checks 6/6
Equity Metals has a total shareholder equity of CA$2.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.6M and CA$858.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.24m |
| Equity | CA$2.79m |
| Total liabilities | CA$858.74k |
| Total assets | CA$3.65m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: EQTY's short term assets (CA$3.4M) exceed its short term liabilities (CA$858.7K).
Long Term Liabilities: EQTY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EQTY is debt free.
Reducing Debt: EQTY 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: EQTY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EQTY is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.