Fidelity Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Fidelity Minerals has a total shareholder equity of CA$5.0M and total debt of CA$529.3K, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CA$6.5M and CA$1.5M respectively.
Key information
10.6%
Debt to equity ratio
CA$529.27k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.20k |
| Equity | CA$4.98m |
| Total liabilities | CA$1.47m |
| Total assets | CA$6.45m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FMN's short term assets (CA$6.3K) do not cover its short term liabilities (CA$1.5M).
Long Term Liabilities: FMN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FMN's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: FMN's debt to equity ratio has reduced from 522.6% to 10.6% 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: FMN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FMN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.7% each year