Ares Strategic Mining Balance Sheet Health
Financial Health criteria checks 3/6
Ares Strategic Mining has a total shareholder equity of CA$11.3M and total debt of CA$18.1M, which brings its debt-to-equity ratio to 160.2%. Its total assets and total liabilities are CA$30.1M and CA$18.8M respectively.
Key information
160.2%
Debt to equity ratio
CA$18.06m
Debt
Interest coverage ratio | n/a |
Cash | CA$271.31k |
Equity | CA$11.28m |
Total liabilities | CA$18.80m |
Total assets | CA$30.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARSM.F's short term assets (CA$14.7M) exceed its short term liabilities (CA$3.5M).
Long Term Liabilities: ARSM.F's short term assets (CA$14.7M) do not cover its long term liabilities (CA$15.3M).
Debt to Equity History and Analysis
Debt Level: ARSM.F's net debt to equity ratio (157.8%) is considered high.
Reducing Debt: ARSM.F's debt to equity ratio has increased from 0% to 160.2% 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: ARSM.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ARSM.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.