Ucore Rare Metals Balance Sheet Health

Financial Health criteria checks 3/6

Ucore Rare Metals has a total shareholder equity of CA$38.6M and total debt of CA$12.1M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are CA$58.1M and CA$19.5M respectively.

Key information

31.5%

Debt to equity ratio

CA$12.14m

Debt

Interest coverage ration/a
CashCA$364.31k
EquityCA$38.55m
Total liabilitiesCA$19.53m
Total assetsCA$58.09m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: U9UA's short term assets (CA$1.3M) do not cover its short term liabilities (CA$4.6M).

Long Term Liabilities: U9UA's short term assets (CA$1.3M) do not cover its long term liabilities (CA$14.9M).


Debt to Equity History and Analysis

Debt Level: U9UA's net debt to equity ratio (30.5%) is considered satisfactory.

Reducing Debt: U9UA's debt to equity ratio has increased from 10% to 31.5% 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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: U9UA is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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