Patriot Battery Metals Balance Sheet Health
Financial Health criteria checks 5/6
Patriot Battery Metals has a total shareholder equity of CA$243.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$305.7M and CA$62.5M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$101.61m |
| Equity | CA$243.20m |
| Total liabilities | CA$62.48m |
| Total assets | CA$305.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R9G's short term assets (CA$110.0M) exceed its short term liabilities (CA$48.0M).
Long Term Liabilities: R9G's short term assets (CA$110.0M) exceed its long term liabilities (CA$14.5M).
Debt to Equity History and Analysis
Debt Level: R9G is debt free.
Reducing Debt: R9G had no debt 5 years ago.
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: R9G has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: R9G has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 68.7% each year.