Freeman Gold Balance Sheet Health

Financial Health criteria checks 6/6

Freeman Gold has a total shareholder equity of CA$26.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$28.1M and CA$1.3M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$1.72m
EquityCA$26.82m
Total liabilitiesCA$1.30m
Total assetsCA$28.12m

Recent financial health updates

Recent updates

We're Not Worried About Freeman Gold's (CVE:FMAN) Cash Burn

Mar 23
We're Not Worried About Freeman Gold's (CVE:FMAN) Cash Burn

Financial Position Analysis

Short Term Liabilities: FMAN's short term assets (CA$1.8M) exceed its short term liabilities (CA$1.3M).

Long Term Liabilities: FMAN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FMAN is debt free.

Reducing Debt: FMAN 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: FMAN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FMAN is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.


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