Affinity Metals Balance Sheet Health
Financial Health criteria checks 4/6
Affinity Metals has a total shareholder equity of CA$1.1M and total debt of CA$140.5K, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CA$2.1M and CA$951.6K respectively.
Key information
12.3%
Debt to equity ratio
CA$140.50k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$215.03k |
| Equity | CA$1.15m |
| Total liabilities | CA$951.57k |
| Total assets | CA$2.10m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 34IA's short term assets (CA$220.3K) do not cover its short term liabilities (CA$951.6K).
Long Term Liabilities: 34IA has no long term liabilities.
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 2.5% to 12.3% 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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 34IA has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 8.6% each year.