Solar Alliance Energy Inc.
TSXV:SOLR Stock Report
Solar Alliance Energy Balance Sheet Health
Financial Health criteria checks 2/6 Solar Alliance Energy has a total shareholder equity of CA$-2.0M and total debt of CA$137.5K, which brings its debt-to-equity ratio to -7%. Its total assets and total liabilities are CA$1.8M and CA$3.7M respectively.
Key information
-7.0%
Debt to equity ratio
Interest coverage ratio n/a Cash CA$60.63k Equity -CA$1.96m Total liabilities CA$3.74m Total assets CA$1.78m
Recent financial health updates
Show all updates Solar Alliance Energy Inc. Announces CEO Changes
Solar Alliance Energy Inc., Annual General Meeting, Dec 13, 2024 Oct 03
Second quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2023) Sep 01 Solar Alliance Energy Inc. announced that it has received CAD 0.7 million in funding Aug 01
New minor risk - Shareholder dilution Jul 07
First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.005 loss in 1Q 2023) Jun 04 Solar Alliance Energy Inc. announced that it expects to receive CAD 1 million in funding May 16
Full year 2023 earnings released: CA$0.007 loss per share (vs CA$0.01 loss in FY 2022) May 01
New major risk - Market cap size Apr 12
New major risk - Share price stability Dec 05
Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.001 loss in 3Q 2022) Nov 24
New minor risk - Share price stability Oct 26
New major risk - Market cap size Oct 20
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2022) Aug 24
An Unknown buyer acquired 67% interest in Two operating solar projects of Solar Alliance Energy Inc. in New York from Solar Alliance Energy Inc. for $0.97 million. Jun 22
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.004 loss in 1Q 2022) Jun 01
Full year 2022 earnings released: CA$0.01 loss per share (vs CA$0.002 loss in FY 2021) May 02
Solar Alliance Energy Inc., Annual General Meeting, Mar 21, 2023 Jan 06
Third quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2021) Nov 23
Second quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2021) Aug 26
Solar Alliance Completes Construction of 500-Kw Utility Solar Project for LG&E and Ku in Kentucky Jul 28
Full year 2021 earnings released: CA$0.002 loss per share (vs CA$0.006 loss in FY 2020) May 04
Solar Alliance Announces Board Changes Feb 18
Solar Alliance Energy Inc. (TSXV:SOLR) completed the acquisition of 389 kilowatt Solar Project in New York State from Abundant Solar Power, Inc. Feb 03
We Think Solar Alliance Energy (CVE:SOLR) Needs To Drive Business Growth Carefully Dec 06
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Nov 27
Second quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.003 loss in 2Q 2020) Aug 26
Solar Alliance Energy Inc. Completes 1 Megawatt Solar Share Project for LG&E/KU in Kentucky Jun 22
First quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.002 profit in 1Q 2020) May 31
Full year 2020 earnings released May 03
Solar Alliance Signs Design Agreement for 56 Megawatt, USD 60 Million Illinois Solar Project and Commences Expansion Assessment for Up to 150 Megawatts Mar 11
Solar Alliance Completes 2.4 MW, USD 2.7 Million Solar Project for Bridgestone Mar 04
Solar Alliance Energy Inc. announced that it has received CAD 5.75253 million in funding Feb 19
New 90-day high: CA$0.72 Feb 10
Solar Alliance Energy Inc. announced that it has received CAD 5.0022 million in funding Feb 06
Solar Alliance Energy Inc. announced that it expects to receive CAD 5.0022 million in funding Jan 31
Solar Alliance Energy Inc. Signs Contract with LG&E and KU for Additional 500-kW Solar Project Jan 29
President exercised options to buy CA$240k worth of stock. Jan 17
New 90-day high: CA$0.28 Jan 13
Solar Alliance Signs Agreement for 56 Megawatt, USD 60 Million Solar Project Jan 06
Solar Alliance Energy Inc. Announces Executive Changes Jan 01
Solar Alliance Energy Inc., Annual General Meeting, Feb 10, 2021 Dec 15
Third quarter 2020 earnings released: CA$0.002 loss per share Dec 01
Solar Alliance Energy Inc. Signs Contract for 500 KW Solar Project Nov 10
Solar Alliance Energy Inc. Signs Design Contract for 4.6 Megawatt, $4.8 Million Illinois Solar Project Oct 29
First half earnings released Aug 27
Financial Position Analysis
Short Term Liabilities: SOLR has negative shareholder equity , which is a more serious situation than short term assets not covering short term liabilities .
Long Term Liabilities: SOLR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities .
Debt to Equity History and Analysis
Debt Level: SOLR has negative shareholder equity , which is a more serious situation than a high debt level.
Reducing Debt: SOLR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: SOLR has sufficient cash runway for 1 months based on last reported free cash flow , but has since raised additional capital.
Forecast Cash Runway: SOLR is forecast to have sufficient cash runway for 0 months based on free cash flow estimates , but has since raised additional capital.
Discover healthy companies Simply Wall St™ Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
{"enabled":true,"variant":{"name":"control","enabled":true,"feature_enabled":true,"featureEnabled":true},"flagsReady":true,"flagsError":null}
