Wedgemount Resources Balance Sheet Health
Financial Health criteria checks 2/6
Wedgemount Resources has a total shareholder equity of CA$2.4M and total debt of CA$1.6M, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are CA$7.4M and CA$4.9M respectively.
Key information
65.4%
Debt to equity ratio
CA$1.57m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$170.51k |
| Equity | CA$2.41m |
| Total liabilities | CA$4.94m |
| Total assets | CA$7.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WDGR.F's short term assets (CA$781.9K) do not cover its short term liabilities (CA$2.8M).
Long Term Liabilities: WDGR.F's short term assets (CA$781.9K) do not cover its long term liabilities (CA$2.2M).
Debt to Equity History and Analysis
Debt Level: WDGR.F's net debt to equity ratio (58.3%) is considered high.
Reducing Debt: Insufficient data to determine if WDGR.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: WDGR.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WDGR.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.