Ucore Rare Metals Balance Sheet Health
Financial Health criteria checks 3/6
Ucore Rare Metals has a total shareholder equity of CA$38.6M and total debt of CA$12.1M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are CA$58.1M and CA$19.5M respectively.
Key information
31.5%
Debt to equity ratio
CA$12.14m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$364.31k |
| Equity | CA$38.55m |
| Total liabilities | CA$19.53m |
| Total assets | CA$58.09m |
Recent financial health updates
Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Oct 25
Does Ucore Rare Metals (CVE:UCU) Have A Healthy Balance Sheet?
Jul 11Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Dec 06Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Apr 21Does Ucore Rare Metals (CVE:UCU) Have A Healthy Balance Sheet?
Aug 15Is Ucore Rare Metals (CVE:UCU) Using Debt Sensibly?
Jan 20Recent updates
Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Oct 25Does Ucore Rare Metals (CVE:UCU) Have A Healthy Balance Sheet?
Jul 11Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Dec 06Is Ucore Rare Metals (CVE:UCU) Using Too Much Debt?
Apr 21Does Ucore Rare Metals (CVE:UCU) Have A Healthy Balance Sheet?
Aug 15Is Ucore Rare Metals (CVE:UCU) Using Debt Sensibly?
Jan 20Ucore Rare Metals (CVE:UCU) Has Debt But No Earnings; Should You Worry?
Oct 07Financial Position Analysis
Short Term Liabilities: UCU's short term assets (CA$1.3M) do not cover its short term liabilities (CA$4.6M).
Long Term Liabilities: UCU's short term assets (CA$1.3M) do not cover its long term liabilities (CA$14.9M).
Debt to Equity History and Analysis
Debt Level: UCU's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: UCU's debt to equity ratio has increased from 10% to 31.5% 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: UCU has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: UCU is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.