Search Minerals Balance Sheet Health
Financial Health criteria checks 2/6
Search Minerals has a total shareholder equity of CA$25.9M and total debt of CA$80.0K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CA$29.3M and CA$3.4M respectively.
Key information
0.3%
Debt to equity ratio
CA$80.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$22.01k |
| Equity | CA$25.88m |
| Total liabilities | CA$3.40m |
| Total assets | CA$29.28m |
Financial Position Analysis
Short Term Liabilities: SMY's short term assets (CA$73.6K) do not cover its short term liabilities (CA$3.3M).
Long Term Liabilities: SMY's short term assets (CA$73.6K) do not cover its long term liabilities (CA$120.0K).
Debt to Equity History and Analysis
Debt Level: SMY's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: SMY's debt to equity ratio has reduced from 4.8% to 0.3% 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: SMY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SMY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 29.1% each year