Wealth Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Wealth Minerals has a total shareholder equity of CA$51.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$52.0M and CA$559.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$8.32m |
| Equity | CA$51.46m |
| Total liabilities | CA$559.52k |
| Total assets | CA$52.02m |
Financial Position Analysis
Short Term Liabilities: WML's short term assets (CA$8.9M) exceed its short term liabilities (CA$559.5K).
Long Term Liabilities: WML has no long term liabilities.
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 6.5%.
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: WML has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: WML has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 19% each year.