Empire Metals Balance Sheet Health
Financial Health criteria checks 6/6
Empire Metals has a total shareholder equity of £8.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £9.2M and £239.3K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.14m |
| Equity | UK£8.92m |
| Total liabilities | UK£239.31k |
| Total assets | UK£9.16m |
Financial Position Analysis
Short Term Liabilities: EEE's short term assets (£3.4M) exceed its short term liabilities (£239.3K).
Long Term Liabilities: EEE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EEE is debt free.
Reducing Debt: EEE has not had any debt for 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: EEE has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EEE has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 19.7% each year.