Wealth Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Wealth Minerals has a total shareholder equity of CA$53.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$53.8M and CA$571.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.80m |
Equity | CA$53.19m |
Total liabilities | CA$571.90k |
Total assets | CA$53.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WMLL.F's short term assets (CA$4.5M) exceed its short term liabilities (CA$564.4K).
Long Term Liabilities: WMLL.F's short term assets (CA$4.5M) exceed its long term liabilities (CA$7.5K).
Debt to Equity History and Analysis
Debt Level: WMLL.F is debt free.
Reducing Debt: WMLL.F has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
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: WMLL.F has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WMLL.F is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.