First Hydrogen Balance Sheet Health

Financial Health criteria checks 0/6

First Hydrogen has a total shareholder equity of CA$-3.5M and total debt of CA$2.6M, which brings its debt-to-equity ratio to -73.9%. Its total assets and total liabilities are CA$1.9M and CA$5.3M respectively.

Key information

-73.9%

Debt to equity ratio

CA$2.56m

Debt

Interest coverage ratio	n/a
Cash	CA$9.11k
Equity	-CA$3.46m
Total liabilities	CA$5.33m
Total assets	CA$1.86m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FIT 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: FIT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

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: FIT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49.4% each year

First Hydrogen Balance Sheet Health

Financial Health criteria checks 0/6

Key information

Recent financial health updates

Recent updates

New major risk - Financial position

First Hydrogen's Vehicle Trials Commence with Wales & West Utilities

First Hydrogen Corp. Announces Director Changes

First Hydrogen Corp. Announces New Electric Vehicle Availability Standard

First Hydrogen Corp. Launches FCEV Vehicle Program in North America

Less than half of directors are independent

First Hydrogen Corp. Appoints Edward Low as Interim-CFO

New minor risk - Market cap size

First Hydrogen Corp., Annual General Meeting, Nov 14, 2023

New major risk - Financial position

First Hydrogen Corp. Announces Opening Up of Hydrogen's Hydrogen-Fuel-Cell Powered Parcel Vehicle Trials

First Hydrogen Corp. Reports Successful Completion of the First Two Trials of the Company's Hydrogen-Fuel-Cell Powered Vehicle

First Hydrogen Corp. Announces Resignation of Nicholas Wrigley from the Board of Directors

First Hydrogen Corp. Commences Trials with UK Utility SSE

First Hydrogen Corp. announced that it expects to receive CAD 5 million in funding

First Hydrogen Corp. Reveals Next Generation Zero Emission LCV

First Hydrogen Corp. Showcases Its Hydrogen Fuel Cell-Powered Light Commercial Vehicles

First Hydrogen Corp.'S First Hydrogen Vans Receive Road Certification

First Hydrogen Corp. Announces First Hydrogen Vehicles Complete Commissioning Trials and Increased Fleet Operator Interest

First Hydrogen Corp. Appoints Rob Campbell as CEO

First Hydrogen Corp. Appoints Afkenel Schipstra as Chief Operational Officer of First Hydrogen Limited

First Hydrogen Corp. Appoints Allan Rushforth as Chief Commercial Officer

First Hydrogen Corp. Appoints Manuel Tolosa as Head of Powertrain Engineering

First Hydrogen Corp., Annual General Meeting, Aug 16, 2022

First Hydrogen Corp. Announces First Hydrogen Vehicle Testing to Commence

First Hydrogen Corp. announced that it expects to receive CAD 5.999999 million in funding

First Hydrogen Corp. Announces the Appointment of Stephen Pendrey as Chief Engineer - Vehicle Program for its Automotive Division

First Hydrogen Corp. Appoints Peter Williams as A Non-Executive Director of First Hydrogen UK

First Hydrogen Corp. Appoints Peter Williams as A Non-Executive Director of First Hydrogen UK

First Hydrogen Corp. Announces its' Subsidiary First Hydrogen Limited Enters into a Research and Collaboration Agreement for an Initial 5- Year Period with the University of Cambridge

First Hydrogen Corp. Appoints Nicholas Wrigley as Chairman and Director of First Hydrogen UK Limited

Pure Extraction Corp. announced that it has received CAD 3 million in funding

Pure Extraction Corp. announced that it expects to receive CAD 3 million in funding

Pure Extraction Corp. announced that it expects to receive CAD 5 million in funding

New 90-day high: €0.30

Pure Extraction Corp., Annual General Meeting, Dec 30, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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