Ucore Rare Metals Balance Sheet Health
Financial Health criteria checks 1/6
Ucore Rare Metals has a total shareholder equity of CA$41.8M and total debt of CA$10.7M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are CA$59.2M and CA$17.4M respectively.
Key information
25.6%
Debt to equity ratio
CA$10.70m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$683.22k |
| Equity | CA$41.83m |
| Total liabilities | CA$17.42m |
| Total assets | CA$59.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: U9UA's short term assets (CA$1.5M) do not cover its short term liabilities (CA$3.9M).
Long Term Liabilities: U9UA's short term assets (CA$1.5M) do not cover its long term liabilities (CA$13.5M).
Debt to Equity History and Analysis
Debt Level: U9UA's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: U9UA's debt to equity ratio has increased from 8.7% to 25.6% 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: U9UA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: U9UA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.5% each year