Altima Resources Balance Sheet Health
Financial Health criteria checks 0/6
Altima Resources has a total shareholder equity of CA$-9.1M and total debt of CA$2.5M, which brings its debt-to-equity ratio to -28.1%. Its total assets and total liabilities are CA$5.3M and CA$14.4M respectively.
Key information
-28.1%
Debt to equity ratio
CA$2.55m
Debt
Interest coverage ratio | n/a |
Cash | CA$14.50k |
Equity | -CA$9.07m |
Total liabilities | CA$14.41m |
Total assets | CA$5.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARSL.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ARSL.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ARSL.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ARSL.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ARSL.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ARSL.F's interest payments on its debt are well covered by EBIT.