Sparton Resources Balance Sheet Health
Financial Health criteria checks 5/6
Sparton Resources has a total shareholder equity of CA$1.2M and total debt of CA$226.4K, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CA$2.0M and CA$813.1K respectively.
Key information
18.7%
Debt to equity ratio
CA$226.39k
Debt
Interest coverage ratio | n/a |
Cash | CA$191.93k |
Equity | CA$1.21m |
Total liabilities | CA$813.12k |
Total assets | CA$2.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPNR.F's short term assets (CA$357.0K) do not cover its short term liabilities (CA$813.1K).
Long Term Liabilities: SPNR.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SPNR.F's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: SPNR.F's debt to equity ratio has reduced from 28.6% to 18.7% 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 SPNR.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPNR.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9% per year.