Ares Strategic Mining Balance Sheet Health
Financial Health criteria checks 3/6
Ares Strategic Mining has a total shareholder equity of CA$11.7M and total debt of CA$19.0M, which brings its debt-to-equity ratio to 162.2%. Its total assets and total liabilities are CA$34.1M and CA$22.3M respectively.
Key information
162.2%
Debt to equity ratio
CA$19.03m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$375.60k |
| Equity | CA$11.73m |
| Total liabilities | CA$22.33m |
| Total assets | CA$34.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N8I's short term assets (CA$11.7M) exceed its short term liabilities (CA$6.4M).
Long Term Liabilities: N8I's short term assets (CA$11.7M) do not cover its long term liabilities (CA$16.0M).
Debt to Equity History and Analysis
Debt Level: N8I's net debt to equity ratio (159%) is considered high.
Reducing Debt: N8I's debt to equity ratio has increased from 3.9% to 162.2% 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: N8I has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: N8I is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.