Group Eleven Resources Balance Sheet Health
Financial Health criteria checks 6/6
Group Eleven Resources has a total shareholder equity of CA$11.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$12.3M and CA$896.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.36m |
Equity | CA$11.45m |
Total liabilities | CA$896.11k |
Total assets | CA$12.34m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ZNG's short term assets (CA$3.4M) exceed its short term liabilities (CA$896.1K).
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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ZNG has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 18.4% each year.