Firering Strategic Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Firering Strategic Minerals has a total shareholder equity of €4.0M and total debt of €823.0K, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are €5.3M and €1.3M respectively.
Key information
20.6%
Debt to equity ratio
€823.00k
Debt
| Interest coverage ratio | n/a |
| Cash | €160.00k |
| Equity | €3.99m |
| Total liabilities | €1.35m |
| Total assets | €5.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRG's short term assets (€829.0K) exceed its short term liabilities (€686.0K).
Long Term Liabilities: FRG's short term assets (€829.0K) exceed its long term liabilities (€661.0K).
Debt to Equity History and Analysis
Debt Level: FRG's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FRG's debt to equity ratio has reduced 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: FRG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FRG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.5% each year