Forge Resources Balance Sheet Health
Financial Health criteria checks 6/6
Forge Resources has a total shareholder equity of CA$6.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.9M and CA$109.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.05m |
| Equity | CA$6.75m |
| Total liabilities | CA$109.37k |
| Total assets | CA$6.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRGG.F's short term assets (CA$1.4M) exceed its short term liabilities (CA$109.4K).
Long Term Liabilities: FRGG.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FRGG.F is debt free.
Reducing Debt: FRGG.F has no debt compared to 5 years ago when its debt to equity ratio was 11.5%.
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: FRGG.F has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FRGG.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.