Wealth Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Wealth Minerals has a total shareholder equity of CA$53.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$53.8M and CA$571.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.80m |
Equity | CA$53.19m |
Total liabilities | CA$571.90k |
Total assets | CA$53.76m |
Financial Position Analysis
Short Term Liabilities: WML's short term assets (CA$4.5M) exceed its short term liabilities (CA$564.4K).
Long Term Liabilities: WML's short term assets (CA$4.5M) exceed its long term liabilities (CA$7.5K).
Debt to Equity History and Analysis
Debt Level: WML is debt free.
Reducing Debt: WML has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
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: WML has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WML has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.4% each year.