Arras Minerals Financials
This page shows Arras Minerals (ARRKF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Arras Minerals passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Arras Minerals generates $0.92 in operating cash flow (-$5.2M OCF vs -$5.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Arras Minerals reported -$5.7M in net income in fiscal year 2023. This represents an increase of 3.8% from the prior year.
Cash & Balance Sheet
Arras Minerals generated -$5.3M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 0.8% from the prior year.
Arras Minerals held $291K in cash against $125K in long-term debt as of fiscal year 2023.
Arras Minerals had 69M shares outstanding in fiscal year 2023. This represents an increase of 30.3% from the prior year.
Margins & Returns
Arras Minerals's ROE was -101.4% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.
Capital Allocation
Arras Minerals invested $29K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 33.3% from the prior year.
ARRKF Income Statement
| Metric | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
ARRKF Balance Sheet
| Metric | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|
| Total Assets | $6.4M-3.5% | $6.7M-14.6% | $7.8M |
| Current Assets | $520K-13.0% | $598K-91.5% | $7.0M |
| Cash & Equivalents | $291K-31.5% | $424K-88.9% | $3.8M |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $779K-0.3% | $782K+44.3% | $542K |
| Current Liabilities | $654K+13.1% | $579K+6.8% | $542K |
| Long-Term Debt | $125K-38.5% | $203K | N/A |
| Total Equity | $5.6M-3.9% | $5.9M-19.1% | $7.3M |
| Retained Earnings | -$13.8M-71.0% | -$8.1M-281.6% | -$2.1M |
ARRKF Cash Flow Statement
| Metric | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
ARRKF Financial Ratios
| Metric | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 0.80-0.2 | 1.03-12.0 | 12.99 |
| Debt-to-Equity | 0.02-0.0 | 0.03-0.0 | 0.07 |
| FCF Margin | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Arras Minerals profitable?
No, Arras Minerals (ARRKF) reported a net income of -$5.7M in fiscal year 2023.
How much debt does Arras Minerals have?
As of fiscal year 2023, Arras Minerals (ARRKF) had $291K in cash and equivalents against $125K in long-term debt.
What is Arras Minerals's return on equity (ROE)?
Arras Minerals (ARRKF) has a return on equity of -101.4% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Arras Minerals's free cash flow?
Arras Minerals (ARRKF) generated -$5.3M in free cash flow during fiscal year 2023. This represents a -0.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Arras Minerals's operating cash flow?
Arras Minerals (ARRKF) generated -$5.2M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Arras Minerals's total assets?
Arras Minerals (ARRKF) had $6.4M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Arras Minerals's capital expenditures?
Arras Minerals (ARRKF) invested $29K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Arras Minerals's current ratio?
Arras Minerals (ARRKF) had a current ratio of 0.80 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Arras Minerals's debt-to-equity ratio?
Arras Minerals (ARRKF) had a debt-to-equity ratio of 0.02 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Arras Minerals's return on assets (ROA)?
Arras Minerals (ARRKF) had a return on assets of -89.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Arras Minerals's cash runway?
Based on fiscal year 2023 data, Arras Minerals (ARRKF) had $291K in cash against an annual operating cash burn of $5.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Arras Minerals's Piotroski F-Score?
Arras Minerals (ARRKF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Arras Minerals's earnings high quality?
Arras Minerals (ARRKF) has an earnings quality ratio of 0.92x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.