Group Eleven Resources Balance Sheet Health
Financial Health criteria checks 4/6
Group Eleven Resources has a total shareholder equity of CA$10.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.9M and CA$300.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.93m |
| Equity | CA$10.62m |
| Total liabilities | CA$300.36k |
| Total assets | CA$10.92m |
Financial Position Analysis
Short Term Liabilities: ZNG's short term assets (CA$2.0M) exceed its short term liabilities (CA$300.4K).
Long Term Liabilities: ZNG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ZNG is debt free.
Reducing Debt: ZNG 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: ZNG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ZNG has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.4% each year.