Deveron Balance Sheet Health
Financial Health criteria checks 2/6
Deveron has a total shareholder equity of CA$32.8M and total debt of CA$43.1M, which brings its debt-to-equity ratio to 131.5%. Its total assets and total liabilities are CA$106.9M and CA$74.1M respectively.
Key information
131.5%
Debt to equity ratio
CA$43.12m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.83m |
Equity | CA$32.79m |
Total liabilities | CA$74.11m |
Total assets | CA$106.89m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DVRN.F's short term assets (CA$9.1M) do not cover its short term liabilities (CA$14.9M).
Long Term Liabilities: DVRN.F's short term assets (CA$9.1M) do not cover its long term liabilities (CA$59.2M).
Debt to Equity History and Analysis
Debt Level: DVRN.F's net debt to equity ratio (125.9%) is considered high.
Reducing Debt: DVRN.F's debt to equity ratio has increased from 0% to 131.5% 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: Whilst unprofitable DVRN.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DVRN.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.6% per year.