Candelaria Mining Balance Sheet Health
Financial Health criteria checks 1/6
Candelaria Mining has a total shareholder equity of CA$10.9M and total debt of CA$2.3M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are CA$16.3M and CA$5.4M respectively.
Key information
21.3%
Debt to equity ratio
CA$2.31m
Debt
Interest coverage ratio | n/a |
Cash | CA$79.00k |
Equity | CA$10.87m |
Total liabilities | CA$5.42m |
Total assets | CA$16.29m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 29LN's short term assets (CA$623.0K) do not cover its short term liabilities (CA$2.5M).
Long Term Liabilities: 29LN's short term assets (CA$623.0K) do not cover its long term liabilities (CA$2.9M).
Debt to Equity History and Analysis
Debt Level: 29LN's net debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: 29LN's debt to equity ratio has increased from 0% to 21.3% 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: 29LN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 29LN has less than a year of cash runway if free cash flow continues to grow at historical rates of 6% each year.