Surge Copper Balance Sheet Health
Financial Health criteria checks 6/6
Surge Copper has a total shareholder equity of CA$52.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$58.0M and CA$5.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.62m |
| Equity | CA$52.47m |
| Total liabilities | CA$5.58m |
| Total assets | CA$58.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G6D2's short term assets (CA$6.9M) exceed its short term liabilities (CA$1.5M).
Long Term Liabilities: G6D2's short term assets (CA$6.9M) exceed its long term liabilities (CA$4.1M).
Debt to Equity History and Analysis
Debt Level: G6D2 is debt free.
Reducing Debt: G6D2 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: G6D2 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: G6D2 has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 28.6% each year.