Geomega Resources Balance Sheet Health
Financial Health criteria checks 6/6
Geomega Resources has a total shareholder equity of CA$4.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$8.0M and CA$3.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.10m |
Equity | CA$4.14m |
Total liabilities | CA$3.85m |
Total assets | CA$7.99m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOMR.F's short term assets (CA$4.6M) exceed its short term liabilities (CA$1.6M).
Long Term Liabilities: GOMR.F's short term assets (CA$4.6M) exceed its long term liabilities (CA$2.2M).
Debt to Equity History and Analysis
Debt Level: GOMR.F is debt free.
Reducing Debt: GOMR.F has no debt compared to 5 years ago when its debt to equity ratio was 7.2%.
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: GOMR.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GOMR.F has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 19.3% each year.