Zonte Metals Balance Sheet Health
Financial Health criteria checks 4/6
Zonte Metals has a total shareholder equity of CA$3.9M and total debt of CA$1.5M, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CA$5.5M and CA$1.6M respectively.
Key information
38.0%
Debt to equity ratio
CA$1.47m
Debt
Interest coverage ratio | n/a |
Cash | CA$632.17k |
Equity | CA$3.86m |
Total liabilities | CA$1.62m |
Total assets | CA$5.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 31E's short term assets (CA$653.8K) exceed its short term liabilities (CA$170.4K).
Long Term Liabilities: 31E's short term assets (CA$653.8K) do not cover its long term liabilities (CA$1.5M).
Debt to Equity History and Analysis
Debt Level: 31E's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: 31E's debt to equity ratio has increased from 0% to 38% 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: 31E has sufficient cash runway for 12 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 31E is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.