Prospect Ridge Resources Balance Sheet Health
Financial Health criteria checks 5/6
Prospect Ridge Resources has a total shareholder equity of CA$6.1M and total debt of CA$61.2K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CA$6.5M and CA$448.0K respectively.
Key information
1.0%
Debt to equity ratio
CA$61.19k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$957.73k |
| Equity | CA$6.09m |
| Total liabilities | CA$447.96k |
| Total assets | CA$6.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRRS.F's short term assets (CA$1.6M) exceed its short term liabilities (CA$324.7K).
Long Term Liabilities: PRRS.F's short term assets (CA$1.6M) exceed its long term liabilities (CA$123.2K).
Debt to Equity History and Analysis
Debt Level: PRRS.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PRRS.F's debt to equity ratio has reduced 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: PRRS.F has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PRRS.F is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.