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 ratio | n/a |
Cash | CA$1.52m |
Equity | CA$2.42m |
Total liabilities | CA$136.92k |
Total assets | CA$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.