Highland Copper Balance Sheet Health
Financial Health criteria checks 5/6
Highland Copper has a total shareholder equity of $46.1M and total debt of $5.6M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are $55.9M and $9.9M respectively.
Key information
12.2%
Debt to equity ratio
US$5.63m
Debt
| Interest coverage ratio | n/a |
| Cash | US$17.08m |
| Equity | US$46.09m |
| Total liabilities | US$9.86m |
| Total assets | US$55.95m |
Recent financial health updates
Is Highland Copper (CVE:HI) Weighed On By Its Debt Load?
Dec 05
We're Hopeful That Highland Copper (CVE:HI) Will Use Its Cash Wisely
Nov 06Highland Copper (CVE:HI) Is In A Strong Position To Grow Its Business
Jul 22Highland Copper (CVE:HI) Is In A Strong Position To Grow Its Business
Feb 23Recent updates
Financial Position Analysis
Short Term Liabilities: HI's short term assets ($17.6M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: HI's short term assets ($17.6M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: HI has more cash than its total debt.
Reducing Debt: HI's debt to equity ratio has reduced from 2017.4% to 12.2% 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: HI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.1% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Highland Copper Company Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stefan Ioannou | Cormark Securities Inc. |
| Stefan Ioannou | Haywood Securities Inc. |
| Michael Carew | Haywood Securities Inc. |