Solaris Resources Balance Sheet Health
Financial Health criteria checks 2/6
Solaris Resources has a total shareholder equity of $13.4M and total debt of $30.4M, which brings its debt-to-equity ratio to 227.3%. Its total assets and total liabilities are $52.8M and $39.4M respectively.
Key information
227.3%
Debt to equity ratio
US$30.37m
Debt
Interest coverage ratio | n/a |
Cash | US$28.77m |
Equity | US$13.36m |
Total liabilities | US$39.43m |
Total assets | US$52.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLSR's short term assets ($30.3M) exceed its short term liabilities ($7.0M).
Long Term Liabilities: SLSR's short term assets ($30.3M) do not cover its long term liabilities ($32.4M).
Debt to Equity History and Analysis
Debt Level: SLSR's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: SLSR's debt to equity ratio has increased from 0% to 227.3% 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: SLSR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SLSR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.3% each year