Finlay Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Finlay Minerals has a total shareholder equity of CA$10.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.7M and CA$1.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$474.43k |
| Equity | CA$10.07m |
| Total liabilities | CA$1.67m |
| Total assets | CA$11.74m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FYL's short term assets (CA$498.6K) exceed its short term liabilities (CA$12.5K).
Long Term Liabilities: FYL's short term assets (CA$498.6K) do not cover its long term liabilities (CA$1.7M).
Debt to Equity History and Analysis
Debt Level: FYL is debt free.
Reducing Debt: FYL has not had any debt for 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: FYL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FYL has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 23.3% each year.