SRG Mining Balance Sheet Health
Financial Health criteria checks 6/6
SRG Mining has a total shareholder equity of CA$8.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.4M and CA$675.0K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$8.87m |
Equity | CA$8.71m |
Total liabilities | CA$674.96k |
Total assets | CA$9.39m |
Recent financial health updates
Companies Like SRG Mining (CVE:SRG) Are In A Position To Invest In Growth
Mar 22We're Hopeful That SRG Mining (CVE:SRG) Will Use Its Cash Wisely
Dec 01Here's Why We're Watching SRG Mining's (CVE:SRG) Cash Burn Situation
Jun 17Companies Like SRG Mining (CVE:SRG) Are In A Position To Invest In Growth
Mar 04We're Not Very Worried About SRG Mining's (CVE:SRG) Cash Burn Rate
Oct 28Recent updates
Companies Like SRG Mining (CVE:SRG) Are In A Position To Invest In Growth
Mar 22We're Hopeful That SRG Mining (CVE:SRG) Will Use Its Cash Wisely
Dec 01Here's Why We're Watching SRG Mining's (CVE:SRG) Cash Burn Situation
Jun 17Companies Like SRG Mining (CVE:SRG) Are In A Position To Invest In Growth
Mar 04We're Not Very Worried About SRG Mining's (CVE:SRG) Cash Burn Rate
Oct 28Financial Position Analysis
Short Term Liabilities: SRG's short term assets (CA$9.1M) exceed its short term liabilities (CA$639.1K).
Long Term Liabilities: SRG's short term assets (CA$9.1M) exceed its long term liabilities (CA$35.8K).
Debt to Equity History and Analysis
Debt Level: SRG is debt free.
Reducing Debt: SRG has no debt compared to 5 years ago when its debt to equity ratio was 1.5%.
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: SRG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SRG has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 11% each year.