Zentek Balance Sheet Health
Financial Health criteria checks 5/6
Zentek has a total shareholder equity of CA$18.3M and total debt of CA$635.4K, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CA$20.9M and CA$2.5M respectively.
Key information
3.5%
Debt to equity ratio
CA$635.40k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.93m |
| Equity | CA$18.35m |
| Total liabilities | CA$2.54m |
| Total assets | CA$20.89m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZAY's short term assets (CA$4.7M) exceed its short term liabilities (CA$2.1M).
Long Term Liabilities: ZAY's short term assets (CA$4.7M) exceed its long term liabilities (CA$423.4K).
Debt to Equity History and Analysis
Debt Level: ZAY has more cash than its total debt.
Reducing Debt: ZAY's debt to equity ratio has increased from 0% to 3.5% 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: ZAY has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ZAY is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.