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 ration/a
CashCA$120.51k
EquityCA$10.08m
Total liabilitiesCA$127.19k
Total assetsCA$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.


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