Zonte Metals Balance Sheet Health
Financial Health criteria checks 3/6
Zonte Metals has a total shareholder equity of CA$4.3M and total debt of CA$1.5M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are CA$6.1M and CA$1.8M respectively.
Key information
35.3%
Debt to equity ratio
CA$1.52m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$568.30k |
| Equity | CA$4.30m |
| Total liabilities | CA$1.77m |
| Total assets | CA$6.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZON's short term assets (CA$614.1K) exceed its short term liabilities (CA$280.1K).
Long Term Liabilities: ZON's short term assets (CA$614.1K) do not cover its long term liabilities (CA$1.5M).
Debt to Equity History and Analysis
Debt Level: ZON's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: ZON's debt to equity ratio has reduced from 44.9% to 35.3% over the past 5 years.
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: ZON has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ZON has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.4% each year.