Spruce Ridge Resources Balance Sheet Health
Financial Health criteria checks 6/6
Spruce Ridge Resources has a total shareholder equity of CA$13.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$13.4M and CA$196.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$10.09m |
Equity | CA$13.18m |
Total liabilities | CA$196.08k |
Total assets | CA$13.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRCG.F's short term assets (CA$10.7M) exceed its short term liabilities (CA$196.1K).
Long Term Liabilities: SRCG.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SRCG.F is debt free.
Reducing Debt: SRCG.F has no debt compared to 5 years ago when its debt to equity ratio was 4.2%.
Debt Coverage: SRCG.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SRCG.F has no debt, therefore coverage of interest payments is not a concern.