Forge Resources Balance Sheet Health
Financial Health criteria checks 5/6
Forge Resources 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$2.9M and CA$538.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$84.90k |
Equity | CA$2.40m |
Total liabilities | CA$538.29k |
Total assets | CA$2.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5YZ's short term assets (CA$190.9K) do not cover its short term liabilities (CA$538.3K).
Long Term Liabilities: 5YZ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 5YZ is debt free.
Reducing Debt: 5YZ has no debt compared to 5 years ago when its debt to equity ratio was 329.9%.
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: 5YZ has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 5YZ is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.