HIGHCLIFF METALS CORP Financials

No, HIGHCLIFF METALS CORP (IMAHF) reported a net income of -$1.4M in fiscal year 2022.

HIGHCLIFF METALS CORP (IMAHF) reported diluted earnings per share of $-0.01 for fiscal year 2022. This represents a 80.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

HIGHCLIFF METALS CORP (IMAHF) generated -$1.2M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

HIGHCLIFF METALS CORP (IMAHF) had $2.1M in total assets as of fiscal year 2022, including both current and long-term assets.

HIGHCLIFF METALS CORP (IMAHF) had a debt-to-equity ratio of -1.06 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

HIGHCLIFF METALS CORP (IMAHF) had a return on assets of -63.2% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2022 data, HIGHCLIFF METALS CORP (IMAHF) had $165K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 2 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.

HIGHCLIFF METALS CORP (IMAHF) has negative shareholder equity of -$34.6M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

HIGHCLIFF METALS CORP (IMAHF) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

HIGHCLIFF METALS CORP (IMAHF) has an earnings quality ratio of 0.88x, 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.

HIGHCLIFF METALS CORP (IMAHF) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.