Surge Copper Balance Sheet Health
Financial Health criteria checks 3/6
Surge Copper has a total shareholder equity of CA$53.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$58.0M and CA$4.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.68m |
| Equity | CA$53.31m |
| Total liabilities | CA$4.68m |
| Total assets | CA$57.98m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SURG's short term assets (CA$4.0M) exceed its short term liabilities (CA$629.2K).
Long Term Liabilities: SURG's short term assets (CA$4.0M) do not cover its long term liabilities (CA$4.0M).
Debt to Equity History and Analysis
Debt Level: SURG is debt free.
Reducing Debt: SURG 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: SURG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SURG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.1% each year