Laramide Resources Balance Sheet Health
Financial Health criteria checks 3/6
Laramide Resources has a total shareholder equity of CA$97.3M and total debt of CA$4.5M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CA$110.0M and CA$12.7M respectively.
Key information
4.6%
Debt to equity ratio
CA$4.49m
Debt
Interest coverage ratio | n/a |
Cash | CA$7.97m |
Equity | CA$97.30m |
Total liabilities | CA$12.70m |
Total assets | CA$110.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0V3P's short term assets (CA$8.5M) do not cover its short term liabilities (CA$9.1M).
Long Term Liabilities: 0V3P's short term assets (CA$8.5M) exceed its long term liabilities (CA$3.6M).
Debt to Equity History and Analysis
Debt Level: 0V3P has more cash than its total debt.
Reducing Debt: 0V3P's debt to equity ratio has reduced from 12.5% to 4.6% 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: 0V3P has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 0V3P has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.7% each year