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

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

Recent financial health updates

We're Not Very Worried About Group Eleven Resources' (CVE:ZNG) Cash Burn Rate

May 13

Recent updates

We're Not Very Worried About Group Eleven Resources' (CVE:ZNG) Cash Burn Rate

May 13

Michael Gentile of Group Eleven Resources Corp. (CVE:ZNG) Just Spent CA$753k On Shares

Jan 04

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.

Group Eleven Resources Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

We're Not Very Worried About Group Eleven Resources' (CVE:ZNG) Cash Burn Rate

Recent updates

New major risk - Financial position

Group Eleven Resources Corp. Announces Details of Upcoming Drill Program at Carrickittle West

Group Eleven Resources Corp. Announces Results from the Most Recent Four Holes of the 2024 Drill Program

New minor risk - Share price stability

Group Eleven Resources Corp., Annual General Meeting, Jul 22, 2024

We're Not Very Worried About Group Eleven Resources' (CVE:ZNG) Cash Burn Rate

Group Eleven Resources Corp. Announces Results from the First Four Holes of the 2024 Drill Program At Ballywire Zinc-Lead-Silver Discovery, Pg West Project, Republic of Ireland

Group Eleven Extends Mineralized Footprint by 50M to North At Ballywire Zinc-Lead-Silver Discovery, Reports Additional Germanium Assays and Expands Ground Position At Stonepark

Group Eleven Resources Corp. Starts Two-Rig Step-Out Drill Program At Ballywire Zinc-Lead-Silver Discovery

Group Eleven Resources Corp. announced that it expects to receive CAD 1.5 million in funding

Group Eleven Resources Corp. Announces Drill Results from Five Step-Out Holes At its 100%-Owned Ballywire Zinc-Lead-Silver Discovery, PG West Project, Republic of Ireland

Group Eleven Resources Corp. Announces Results of Ground Gravity Survey Carried Out During June 2023 at its 100%-Owned Ballywire Zinc-Lead-Silver Discovery, PG West Project, Republic of Ireland

Insufficient new directors

New major risk - Financial position

Group Eleven Resources Corp. Adds Second Drill Rig at Ballywire Zinc-Lead-Silver-Germanium Discovery, PG West Project, Ireland

Group Eleven Resources Corp., Annual General Meeting, Jul 27, 2023

Group Eleven Resources Corp. Continues Follow-Up Drilling At Ballywire Discovery and Provides Results of Regional Drilling At Stonepark and Pg West Zinc Projects, Ireland

Group Eleven Announces Start of Follow-Up Drill Program and Reports Elevated Germanium at Ballywire Zinc Discovery, Ireland

Arkle Resources plc and Group Eleven Resources Corp. Announce Additional Drilling on Stonepark

Group Eleven Resources Corp. Re-Commences Drilling At Stonepark Project, Ireland and Provides Exploration Update

Group Eleven Discovers High-Grade Massive Sulphides Including 6.9m of 15.4% Zn+Pb and 160 g/t Ag within Wider Mineralized Interval of 66.0m at Ballywire Prospect, Ireland

Group Eleven Resources Corp. Completes Drilling At Ballywire, Adds New License At Tullacondra and Proceeds with Drill Planning At Carrickittle West, PG West Project, Ireland

Group Eleven Resources Corp. Provides an Update on Its Zinc Exploration Drilling At the Stonepark Project Ireland

Group Eleven Resources Corp Appoints Jeannine Webb as Chief Financial Officer

Group Eleven Resources Corp. Reports Assay Results at Tullacondra Cu-Ag Prospect, Near PG West Project, Ireland

Group Eleven Resources Corp., Annual General Meeting, Jun 14, 2022

Group Eleven Resources Corp. Reports Results from First-Pass Reconnaissance Drilling at the 1Km NW Extension at the Carrickittle Prospect Within its 100%-Owned PG West Project Ireland

Group Eleven Resources Corp. announced that it has received CAD 2.4998 million in funding

Group Eleven Resources Corp. announced that it has received CAD 2.4998 million in funding

Group Eleven Resources Corp. announced that it expects to receive CAD 1.5 million in funding

Group Eleven Resources Corp Starts Drilling at Stonepark Project, Plans Maiden Drilling at Tullacondra Prospect, PG West Project, Ireland

Group Eleven Resources Corp. Plans 2,300M Drill Program At Stonepark Project, Follow-Up Drilling At Ballywire Prospect, Pg West Project, Ireland

Group Eleven Resources Corp. Identifies High-Priority Structural Corridor Northwest of Zone 1 and 2 at Carrickittle Zinc Prospect, PG West Project, Ireland

Group Eleven Resources Corp. Intersects 3.30 Metres of 13.6% Zneq in 220-Metre Step-Out Hole at Ballywire Zinc Prospect, PG West Project, Ireland

Group Eleven Resources Corp. Starts Drill Campaign at Zone 3 and 4 of Carrickittle Zinc Prospect, PG West Project, Ireland

Group Eleven Resources Corp. Intersects 1.4 metres of 14.8% ZnEq and Drills Vein-Type Mineralization Over 100m Strike-Length at Zone 2 of the Carrickittle Zinc Prospect, Ireland

Group Eleven Announces Start of Drill Program and Results from IP Survey at Carrickittle Zinc Prospect at PG West Project, Ireland

Group Eleven Resources Corp. Announce Plans for Follow-Up Drilling At the Carrickittle Prospect At Its 100% Interest Pg West Project

Group Eleven Intersects Up To 8.7% Zinc and 3.3% Lead (12.0% combined) in Step-Out Drilling at Stonepark, Ireland

Group Eleven Resources Corp. announced that it has received CAD 1.500005 million in funding from Glencore Canada Corporation and other investors

Michael Gentile of Group Eleven Resources Corp. (CVE:ZNG) Just Spent CA$753k On Shares

Group Eleven Resources Corp. announced that it expects to receive CAD 1.500005 million in funding

Group Eleven Resources Corp. Intersects 7.2 metres of 23.9% Zinc, 6.6% Lead (30.5% Combined), 108 g/t Silver and 0.12% Copper in follow-up drilling at Carrickittle Prospect in Ireland

Group Eleven Announces Results of Regional Drilling at PG West Zinc Project in Ireland

Insider recently bought CA$120k worth of stock

Group Eleven Resources Corp. announced that it has received CAD 0.12 million in funding

Group Eleven Resources Corp. Commences Follow-Up Drilling At Carrickittle Prospect in Ireland

Group Eleven Resources Corp. announced that it has received CAD 1.55 million in funding

Group Eleven Resources Corp. announced that it expects to receive CAD 1 million in funding

Group Eleven Resources Corp. announced that it has received CAD 0.05 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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