Iconic Minerals Balance Sheet Health
Financial Health criteria checks 1/6
Iconic Minerals has a total shareholder equity of CA$1.2M and total debt of CA$1.7M, which brings its debt-to-equity ratio to 145.4%. Its total assets and total liabilities are CA$6.1M and CA$4.9M respectively.
Key information
145.4%
Debt to equity ratio
CA$1.68m
Debt
Interest coverage ratio | n/a |
Cash | CA$96.04k |
Equity | CA$1.15m |
Total liabilities | CA$4.95m |
Total assets | CA$6.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YQGB's short term assets (CA$1.2M) do not cover its short term liabilities (CA$3.4M).
Long Term Liabilities: YQGB's short term assets (CA$1.2M) do not cover its long term liabilities (CA$1.6M).
Debt to Equity History and Analysis
Debt Level: YQGB's net debt to equity ratio (137.1%) is considered high.
Reducing Debt: YQGB's debt to equity ratio has reduced from 498.5% to 145.4% 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: YQGB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: YQGB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.2% each year