Freeport Resources Balance Sheet Health
Financial Health criteria checks 6/6
Freeport Resources has a total shareholder equity of CA$4.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.2M and CA$157.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.96m |
| Equity | CA$3.99m |
| Total liabilities | CA$157.49k |
| Total assets | CA$4.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRI's short term assets (CA$4.2M) exceed its short term liabilities (CA$157.5K).
Long Term Liabilities: FRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FRI is debt free.
Reducing Debt: FRI currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: FRI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FRI has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 28.3% each year.