Geomega Resources Balance Sheet Health
Financial Health criteria checks 4/6
Geomega Resources has a total shareholder equity of CA$3.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.2M and CA$4.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.14m |
| Equity | CA$3.11m |
| Total liabilities | CA$4.12m |
| Total assets | CA$7.23m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GMA's short term assets (CA$3.9M) exceed its short term liabilities (CA$1.9M).
Long Term Liabilities: GMA's short term assets (CA$3.9M) exceed its long term liabilities (CA$2.2M).
Debt to Equity History and Analysis
Debt Level: GMA is debt free.
Reducing Debt: GMA 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: GMA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GMA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.7% each year