Forte Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Forte Minerals has a total shareholder equity of CA$2.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.6M and CA$136.9K respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$1.52m
EquityCA$2.42m
Total liabilitiesCA$136.92k
Total assetsCA$2.56m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 2OA's short term assets (CA$1.6M) exceed its short term liabilities (CA$136.9K).

Long Term Liabilities: 2OA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 2OA is debt free.

Reducing Debt: 2OA 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: 2OA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 2OA has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 27.1% each year.


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