Elemental Altus Royalties Balance Sheet Health
Financial Health criteria checks 6/6
Elemental Altus Royalties has a total shareholder equity of $154.8M and total debt of $19.7M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are $178.3M and $23.5M respectively.
Key information
12.8%
Debt to equity ratio
US$19.74m
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.45m |
| Equity | US$154.75m |
| Total liabilities | US$23.51m |
| Total assets | US$178.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELEM.F's short term assets ($22.8M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: ELEM.F's short term assets ($22.8M) exceed its long term liabilities ($21.5M).
Debt to Equity History and Analysis
Debt Level: ELEM.F's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: ELEM.F's debt to equity ratio has reduced from 17.8% to 12.8% 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 ELEM.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELEM.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.7% per year.