Element 29 Resources Balance Sheet Health
Financial Health criteria checks 6/6
Element 29 Resources has a total shareholder equity of CA$10.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.2M and CA$127.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$120.51k |
| Equity | CA$10.08m |
| Total liabilities | CA$127.19k |
| Total assets | CA$10.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2IK's short term assets (CA$329.7K) exceed its short term liabilities (CA$127.2K).
Long Term Liabilities: 2IK has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2IK is debt free.
Reducing Debt: 2IK 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: 2IK has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 2IK is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.