Canadian Critical Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Critical Minerals has a total shareholder equity of CA$7.5M and total debt of CA$2.3M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are CA$11.8M and CA$4.3M respectively.
Key information
31.1%
Debt to equity ratio
CA$2.32m
Debt
Interest coverage ratio | n/a |
Cash | CA$86.19k |
Equity | CA$7.48m |
Total liabilities | CA$4.34m |
Total assets | CA$11.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIIN.F's short term assets (CA$791.9K) do not cover its short term liabilities (CA$2.7M).
Long Term Liabilities: RIIN.F's short term assets (CA$791.9K) do not cover its long term liabilities (CA$1.6M).
Debt to Equity History and Analysis
Debt Level: RIIN.F's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: RIIN.F's debt to equity ratio has reduced from 65.7% to 31.1% 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: RIIN.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RIIN.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.