49 North Resources Balance Sheet Health
Financial Health criteria checks 5/6
49 North Resources has a total shareholder equity of CA$9.0M and total debt of CA$6.1M, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are CA$18.0M and CA$9.0M respectively.
Key information
68.3%
Debt to equity ratio
CA$6.14m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.71m |
| Equity | CA$8.98m |
| Total liabilities | CA$9.00m |
| Total assets | CA$17.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: O49's short term assets (CA$7.6M) do not cover its short term liabilities (CA$8.3M).
Long Term Liabilities: O49's short term assets (CA$7.6M) exceed its long term liabilities (CA$696.0K).
Debt to Equity History and Analysis
Debt Level: O49 has more cash than its total debt.
Reducing Debt: O49's debt to equity ratio has reduced from 68.7% to 68.3% 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: O49 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: O49 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 26% each year