Spey Resources Balance Sheet Health
Financial Health criteria checks 4/6
Spey Resources has a total shareholder equity of CA$2.6M and total debt of CA$22.4K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CA$3.5M and CA$920.8K respectively.
Key information
0.9%
Debt to equity ratio
CA$22.42k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$14.14k |
| Equity | CA$2.57m |
| Total liabilities | CA$920.82k |
| Total assets | CA$3.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPEY.F's short term assets (CA$36.6K) do not cover its short term liabilities (CA$920.8K).
Long Term Liabilities: SPEY.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SPEY.F's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: SPEY.F's debt to equity ratio has increased from 0% to 0.9% 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: SPEY.F has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPEY.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.