Sparton Resources Balance Sheet Health
Financial Health criteria checks 5/6
Sparton Resources has a total shareholder equity of CA$1.3M and total debt of CA$228.2K, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CA$1.8M and CA$475.2K respectively.
Key information
17.1%
Debt to equity ratio
CA$228.24k
Debt
Interest coverage ratio | n/a |
Cash | CA$177.36k |
Equity | CA$1.34m |
Total liabilities | CA$475.25k |
Total assets | CA$1.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPNR.F's short term assets (CA$234.4K) do not cover its short term liabilities (CA$475.2K).
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 (3.8%) is considered satisfactory.
Reducing Debt: SPNR.F's debt to equity ratio has reduced from 29.3% to 17.1% 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: SPNR.F has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPNR.F is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.