Delta Resources Balance Sheet Health

Financial Health criteria checks 6/6

Delta Resources has a total shareholder equity of CA$2.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.7M and CA$367.0K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$2.34m
Equity	CA$2.29m
Total liabilities	CA$367.03k
Total assets	CA$2.66m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 6GO1's short term assets (CA$2.6M) exceed its short term liabilities (CA$367.0K).

Long Term Liabilities: 6GO1 has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: 6GO1 is debt free.

Reducing Debt: 6GO1 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: 6GO1 has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 6GO1 is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.

Delta Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Delta Resources Limited Announces the Addition of Ron Kopas to the Board of Directors

Delta Resources Limited announced that it has received CAD 5 million in funding from Wealth Creation Preservation & Donation Inc. and another investor

Delta Resources Limited (TSXV:DLTA) completed the acquisition of Ternowesky property in Thunder Bay, Ontario.

Delta Resources Limited (TSXV:DLTA) agreed to acquire Ternowesky property in Thunder Bay, Ontario for CAD 0.27 million.

Delta Resources Limited, Annual General Meeting, Aug 28, 2024

New minor risk - Shareholder dilution

Delta Resources Limited (TSXV:DLTA) agreed to acquire 41 unpatented claims in Thunder Bay, Ontario from Ridge Resources Ltd. and 1544230 Ontario Inc. for CAD CAD 0.092 million.

New major risk - Financial position

Delta Resources Limited (TSXV:DLTA) completed the acquisition of 21 Claims at Delta-2 Property in Chibougamau, Quebec.

Delta Resources Limited Starts 2024 Drilling Program At Delta-1 in Thunder Bay, Ontario

Delta Resources Limited Provides 2023 Year in Review At Its Delta-1 Thunder Bay, Ontario Gold Project

Delta Resources Limited Further Increases its Gold Inventory at Delta-1 with Intercepts of 2.27 G/T over 10 Metres and 2.20 G/T over 9 Metres, in Thunder Bay, Ontario

Delta Resources Limited Intersects 2.25 G/T Au over 27.8 Metres and Multiple New High-Grade Gold Zones At Depth, At Delta-1 in Thunder Bay, Ontario

New major risk - Market cap size

Delta Resources Limited Provides Initial Assay Results from Its Second Phase of Drilling At the Delta-1 Gold Project Located 50 Km West of Thunder Bay, Ontario

Less than half of directors are independent

Delta Resources Limited Appoints Justin Reid to Board of Directors

Delta Resources Limited Announces Start of a 20,000 Metre Drill Program and Mobilizes a Second Drill Rig at the Delta-1 Property, in Thunder Bay, Ontario

Delta Resources Limited, Annual General Meeting, Jun 27, 2023

Delta Resources Limited announced that it has received CAD 10.00017 million in funding

Delta Resources Limited Announces Final Assay Results from Drill Holes D1-22-24 and D1-22-25 At the Delta-1 Gold Project

Delta Resources Provides Exploration Update on the Delta-2 VMS Property in Chibougamau, Quebec and the Delta-1 Gold Property in Thunder Bay, Ontario

Delta Resources Limited announced that it has received CAD 0.45 million in funding from SIDEX L.L.P., Societe de Developpement de la Baie James and another investor

Delta Resources Limited Begins 2023 Drilling Program at Delta-1 in Thunder Bay, Ontario

Delta Resources Limited announced that it expects to receive CAD 2.5 million in funding

Delta Resources Limited Reports Visible Gold in Two Step-Out Drill Holes At Its Delta-1 Project in Thunder Bay, Ontario

Delta Resources Limited Announces Completion of A Follow-Up Drilling Program At the Eureka Gold Deposit

Delta Resources Limited Provides Results from Its 2022 Drilling Program At the Eureka Gold Deposit, 50 Kilometres West of Thunder Bay, Ontario

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

Discover healthy companies