Affinity Metals Balance Sheet Health
Financial Health criteria checks 2/6
Affinity Metals has a total shareholder equity of CA$1.4M and total debt of CA$123.7K, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are CA$2.1M and CA$689.9K respectively.
Key information
8.8%
Debt to equity ratio
CA$123.70k
Debt
Interest coverage ratio | n/a |
Cash | CA$189.07k |
Equity | CA$1.40m |
Total liabilities | CA$689.91k |
Total assets | CA$2.09m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 34IA's short term assets (CA$201.8K) do not cover its short term liabilities (CA$566.2K).
Long Term Liabilities: 34IA's short term assets (CA$201.8K) exceed its long term liabilities (CA$123.7K).
Debt to Equity History and Analysis
Debt Level: 34IA has more cash than its total debt.
Reducing Debt: 34IA's debt to equity ratio has increased from 2.8% to 8.8% 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: 34IA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 34IA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.7% each year