Sirios Resources Balance Sheet Health
Financial Health criteria checks 5/6
Sirios Resources has a total shareholder equity of CA$34.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$36.7M and CA$2.7M respectively. Sirios Resources's EBIT is CA$418.9K making its interest coverage ratio -3.4. It has cash and short-term investments of CA$975.6K.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -3.4x |
| Cash | CA$975.59k |
| Equity | CA$34.03m |
| Total liabilities | CA$2.69m |
| Total assets | CA$36.72m |
Financial Position Analysis
Short Term Liabilities: SOI's short term assets (CA$1.2M) exceed its short term liabilities (CA$533.6K).
Long Term Liabilities: SOI's short term assets (CA$1.2M) do not cover its long term liabilities (CA$2.2M).
Debt to Equity History and Analysis
Debt Level: SOI is debt free.
Reducing Debt: SOI 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: SOI has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SOI is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.