Equity Metals Balance Sheet Health

Financial Health criteria checks 6/6

Equity Metals has a total shareholder equity of CA$2.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.6M and CA$858.7K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$3.24m
Equity	CA$2.79m
Total liabilities	CA$858.74k
Total assets	CA$3.65m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: EQME.F's short term assets (CA$3.4M) exceed its short term liabilities (CA$858.7K).

Long Term Liabilities: EQME.F has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: EQME.F is debt free.

Reducing Debt: EQME.F had no debt 5 years ago.

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: EQME.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: EQME.F is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.

Equity Metals Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Equity Metals Corporation announced that it has received CAD 4.0592 million in funding

Equity Metals Corporation announced that it expects to receive CAD 3.0975 million in funding

Equity Metals Corporation Reports Final Drill Results from the Cole Lake Target

Equity Metals Corporation Provides Silver Queen Project Update

Equity Metals Corporation announced that it has received CAD 1.615 million in funding

Equity Metals Corporation Reports Initial 2023 Drill Results from the Cole Lake Target

Equity Metals Corporation Expands George Lake with Thicker Intercepts, Including 3.6 Metres (est TT) of 333 G/T AuEq in Hole SQ23-094 and 3.0 Metres (est TT) of 394g/t AgEq in Hole SQ23-093

Equity Metals Corporation, Annual General Meeting, Jan 25, 2024

Equity Metals Corporation announced that it has received CAD 0.814205 million in funding

Equity Metals Corporation announced that it has received CAD 0.814205 million in funding

Equity Metals Corporation announced that it expects to receive CAD 0.55 million in funding

Equity Metals Corporation Reports New Assays from its Spring 2023 Core Drilling Program

Equity Metals Corporation announced that it has received CAD 2.75 million in funding

Equity Metals Corporation announced that it has received CAD 2.75 million in funding

Equity Metals Corporation announced that it expects to receive CAD 1.7 million in funding

Equity Metals Corporation, Annual General Meeting, Jan 25, 2023

Equity Metals Corporation Reports High-Grade Gold-Silver Intercepts in A Step-Out Drill Hole That Extends Mineralization At the Camp Vein

Equity Metals Corporation Reports Additional High-Grade Mineralization at the Camp and Sveinson Targets, Silver Queen Project, BC; Drilling Resumes

Equity Metals Corporation Reports Analyses and Initial Test Work on Its 100% Controlled La Ronge Silica Project

Equity Metals Corporation Reports Several Intersections of High-Grade Gold and Silver in Three Holes from the Camp and Sveinson Target Areas on the Silver Queen Property, Bc

Equity Metals Corporation Reports Drill Results with Multiple +500G/T Ag-Eq Intervals on the Silver Queen Property, Bc

Equity Metals Corporation Reports Drill Results from the Eastern Portion of the Sveinson Target on the Silver Queen Property, BC

Equity Metals Corporation Reports High-Grade Gold-Silver Drill Intercepts from the Camp Vein Target At the Silver Queen Project, B.C

Equity Extends High-Grade Silver in the Central Camp Vein Target, Silver Queen Project, Bc; Drilling Begins At the Ng-3 Target Mid-January

Equity Metals Corporation announced that it has received CAD 2.0565 million in funding

Equity Metals Corporation Reports Additional Assays from First Three Holes of its September 2021 Drill Program That Continue to Return Bonanza-Grade Silver Intercepts from Camp Vein Target, Silver Queen Project, BC

Equity Metals Corporation Reports New High-Grade Gold-Silver Assays from Its 2021 Phase Iii Drill Program

Equity Metals Corporation Commences Phase III Drilling at the Silver Queen Property, B.C

Equity Metals Corporation Reports Final Assays from its 2020 Phase I Drill Program on the Silver Queen Property

Equity Metals Corporation Reports High-Grade Gold Intercepts from Two Verification Drill Holes on the Silver Queen Property, British Columbia

Equity Metals Corporation, Annual General Meeting, Jan 27, 2021

Equity Metals Corporation announced that it expects to receive CAD 2.25 million in funding

Equity Metals Intersects High-Grade Silver in Initial Drilling At the Camp Vein Target on the Silver Queen Property, B.C

Equity Metals Corporation announced that it has received CAD 1.904353 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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