Premium Resources Balance Sheet Health
Financial Health criteria checks 2/6
Premium Resources has a total shareholder equity of CA$7.7M and total debt of CA$19.0M, which brings its debt-to-equity ratio to 246%. Its total assets and total liabilities are CA$37.3M and CA$29.6M respectively.
Key information
246.0%
Debt to equity ratio
CA$18.99m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$17.36m |
| Equity | CA$7.72m |
| Total liabilities | CA$29.57m |
| Total assets | CA$37.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R10's short term assets (CA$20.7M) exceed its short term liabilities (CA$5.6M).
Long Term Liabilities: R10's short term assets (CA$20.7M) do not cover its long term liabilities (CA$24.0M).
Debt to Equity History and Analysis
Debt Level: R10's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if R10's debt to equity ratio has reduced 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: R10 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: R10 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.3% each year