Condor Energies Balance Sheet Health
Financial Health criteria checks 3/6
Condor Energies has a total shareholder equity of CA$3.0M and total debt of CA$14.1M, which brings its debt-to-equity ratio to 475.2%. Its total assets and total liabilities are CA$53.8M and CA$50.9M respectively. Condor Energies's EBIT is CA$3.0M making its interest coverage ratio 73.8. It has cash and short-term investments of CA$12.5M.
Key information
475.2%
Debt to equity ratio
CA$14.09m
Debt
| Interest coverage ratio | 73.8x |
| Cash | CA$12.53m |
| Equity | CA$2.97m |
| Total liabilities | CA$50.87m |
| Total assets | CA$53.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WQ6's short term assets (CA$37.2M) exceed its short term liabilities (CA$29.5M).
Long Term Liabilities: WQ6's short term assets (CA$37.2M) exceed its long term liabilities (CA$21.4M).
Debt to Equity History and Analysis
Debt Level: WQ6's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: WQ6's debt to equity ratio has increased from 28.4% to 475.2% 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: WQ6 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if WQ6 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.