Fortune Bay Balance Sheet Health
Financial Health criteria checks 4/6
Fortune Bay has a total shareholder equity of CA$22.1M and total debt of CA$519.2K, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CA$25.0M and CA$3.0M respectively.
Key information
2.4%
Debt to equity ratio
CA$519.17k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$262.52k |
| Equity | CA$22.09m |
| Total liabilities | CA$2.95m |
| Total assets | CA$25.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOR's short term assets (CA$1.6M) do not cover its short term liabilities (CA$2.2M).
Long Term Liabilities: FOR's short term assets (CA$1.6M) exceed its long term liabilities (CA$773.5K).
Debt to Equity History and Analysis
Debt Level: FOR's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: FOR's debt to equity ratio has increased from 0.4% to 2.4% 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: FOR has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FOR is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.