Sailfish Royalty Balance Sheet Health

Financial Health criteria checks 4/6

Sailfish Royalty has a total shareholder equity of $36.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $37.9M and $1.1M respectively. Sailfish Royalty's EBIT is $9.9K making its interest coverage ratio 0. It has cash and short-term investments of $1.7M.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	0.03x
Cash	US$1.68m
Equity	US$36.83m
Total liabilities	US$1.12m
Total assets	US$37.94m

Recent financial health updates

Here's Why We're Not At All Concerned With Sailfish Royalty's (CVE:FISH) Cash Burn Situation

Mar 03

Is Sailfish Royalty (CVE:FISH) In A Good Position To Invest In Growth?

May 27

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Mar 11

Recent updates

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Oct 22

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Mar 07

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Oct 29

Here's Why We're Not At All Concerned With Sailfish Royalty's (CVE:FISH) Cash Burn Situation

Mar 03

Calculating The Intrinsic Value Of Sailfish Royalty Corp. (CVE:FISH)

Sep 03

Is Sailfish Royalty (CVE:FISH) In A Good Position To Invest In Growth?

May 27

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Mar 11

Financial Position Analysis

Short Term Liabilities: FISH's short term assets ($3.0M) exceed its short term liabilities ($1.1M).

Long Term Liabilities: FISH has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FISH is debt free.

Reducing Debt: FISH has no debt compared to 5 years ago when its debt to equity ratio was 31.2%.

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: Insufficient data to determine if FISH has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FISH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/06 09:35
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sailfish Royalty Corp. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ben Pirie	Atrium Research

Sailfish Royalty Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Here's Why We're Not At All Concerned With Sailfish Royalty's (CVE:FISH) Cash Burn Situation

Is Sailfish Royalty (CVE:FISH) In A Good Position To Invest In Growth?

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Recent updates

Sailfish Royalty Corp. (TSXV:FISH) agreed to acquire Mt. Hamilton LLC for $40 million.

Second quarter dividend of US$0.013 announced

Second quarter 2025 earnings released: EPS: US$0.003 (vs US$0.016 in 2Q 2024)

Consensus EPS estimates have been upgraded.

Upcoming dividend of US$0.013 per share

First quarter 2025 earnings released

Mako Mining Corp. Reports Initial Results from its 2025 Reverse Circulation Drill Program at the El Golfo Area Within the El Jicaro Concession

Fourth quarter dividend of US$0.013 announced

Full year 2024 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.013 per share

Third quarter dividend of US$0.013 announced

Executive Chairman exercised options to buy CA$366k worth of stock.

Upcoming dividend of US$0.013 per share

Advance Metals Limited (ASX:AVM) entered into an agreement to acquire Swordfish Silver Corp. from Sailfish Royalty Corp. (TSXV:FISH) for $0.41 million.

CEO & Director exercised options to buy CA$644k worth of stock.

Third quarter dividend of US$0.013 announced

Sailfish Royalty Corp. Declares Fourth Quarterly Cash Dividend for 2024, Payable on January 15, 2025

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.004 loss in 3Q 2023)

Sailfish Royalty Corp., Annual General Meeting, Jan 23, 2025

Sailfish Royalty (CVE:FISH) Is Making Moderate Use Of Debt

Investor sentiment improves as stock rises 15%

Second quarter dividend of US$0.013 announced

Sailfish Royalty Corp. Announces Third Quarterly Cash Dividend for 2024, Payable on October 15, 2024

Second quarter 2024 earnings released: EPS: US$0.016 (vs US$0.006 loss in 2Q 2023)

Executive Chairman recently bought CA$99k worth of stock

Upcoming dividend of US$0.013 per share

First quarter dividend of US$0.013 announced

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.017 loss in FY 2022)

Third quarter dividend of US$0.013 announced

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Executive Chairman recently sold CA$78k worth of stock

Upcoming dividend of US$0.013 per share at 5.6% yield

Sailfish Royalty Corp. Declares Fourth Quarterly Cash Dividend for 2023, Payable on January 15, 2024

New minor risk - Shareholder dilution

Executive Chairman exercised options to buy CA$389k worth of stock.

Sailfish Royalty Corp., Annual General Meeting, Jan 25, 2024

Third quarter 2023 earnings released: US$0.004 loss per share (vs US$0.005 loss in 3Q 2022)

Chief Financial Officer exercised options to buy CA$83k worth of stock.

Here's Why Sailfish Royalty (CVE:FISH) Can Afford Some Debt

Executive Chairman exercised options to buy CA$113k worth of stock.

Executive Chairman exercised options to buy CA$108k worth of stock.

Executive Chairman recently sold CA$206k worth of stock

Upcoming dividend of US$0.013 per share at 5.6% yield

Sailfish Royalty Corp. Declares Third Quarterly Cash Dividend for 2023, Payable on October 16, 2023

Mako Mining Corp. Announces the Results from 68 Reverse Circulation Infill Drill Holes At the Las Conchitas Area of Its Wholly-Owned San Albino-Murra Property Located in Northern Nicaragua

Second quarter 2023 earnings released: US$0.006 loss per share (vs US$0.012 loss in 2Q 2022)

Executive Chairman recently bought CA$51k worth of stock

Upcoming dividend of US$0.013 per share at 8.0% yield

Executive Chairman recently bought CA$92k worth of stock

Sailfish Royalty Corp. Declares Second Quarterly Cash Dividend for 2023, Payable on July 17, 2023

First quarter 2023 earnings released: US$0.009 loss per share (vs US$0.003 profit in 1Q 2022)

Sailfish Royalty Corp. announced that it has received $4 million in funding from Wexford Capital LP

Full year 2022 earnings released: US$0.017 loss per share (vs US$0.044 profit in FY 2021)

Upcoming dividend of US$0.013 per share at 5.9% yield

Executive Chairman recently sold CA$184k worth of stock

Here's Why We're Not At All Concerned With Sailfish Royalty's (CVE:FISH) Cash Burn Situation

Sailfish Royalty Corp. Announces Resignation of Michael Starogiannis as A Director

Sailfish Royalty Corp. Announces the Results from the Recent Exploration Work Conducted on the Company's 100% Owned Gavilanes Silver Project

Upcoming dividend of US$0.013 per share

Sailfish Royalty Corp. Announces Dividend for Third Quarter of 2022 on Common Share, Payable on January 16, 2022

Third quarter 2022 earnings released: US$0.005 loss per share (vs US$0.042 profit in 3Q 2021)

Sailfish Provides Update on Its San Albino Royalty

Sailfish Royalty Corp., Annual General Meeting, Dec 08, 2022

Now 21% undervalued after recent price drop

Now 26% undervalued after recent price drop

Upcoming dividend of US$0.013 per share

Sailfish Royalty Corp. Appoints Paolo Lostritto as Chief Executive Officer

Sailfish Royalty Corp. Announces Dividend for Third Quarter of 2022 on Common Share, Payable on October 14, 2022