Heliostar Metals Balance Sheet Health
Financial Health criteria checks 4/6
Heliostar Metals has a total shareholder equity of CA$20.7M and total debt of CA$2.3M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are CA$28.7M and CA$8.0M respectively.
Key information
10.9%
Debt to equity ratio
CA$2.27m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$971.54k |
| Equity | CA$20.72m |
| Total liabilities | CA$8.00m |
| Total assets | CA$28.71m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HSTX.F's short term assets (CA$1.4M) do not cover its short term liabilities (CA$7.3M).
Long Term Liabilities: HSTX.F's short term assets (CA$1.4M) exceed its long term liabilities (CA$665.8K).
Debt to Equity History and Analysis
Debt Level: HSTX.F's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: HSTX.F's debt to equity ratio has increased from 0% to 10.9% 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: HSTX.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HSTX.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.