Company DescriptionSlave Lake Zinc Corp. acquires, explores for, and develops mineral property assets in Canada. The company primarily explores for zinc, lead, copper, and silver deposits. It holds a 100% interest in the O'Connor Lake property located in the South Slave region of the Northwest Territories. The company was incorporated in 2016 and is headquartered in North Vancouver, Canada.

How the Company Makes Money

Slave Lake Zinc Corp Financial Statement Overview

Summary

Overall, Slave Lake Zinc Corp faces significant financial challenges. The absence of revenue generation severely impacts profitability and operational efficiency. While the balance sheet shows manageable leverage, the declining equity ratio and persistent cash flow issues indicate potential liquidity concerns. The company's ongoing losses and lack of revenue highlight the urgent need for strategic initiatives to improve financial stability and performance.

Income Statement

Very Negative

Slave Lake Zinc Corp has reported zero revenue consistently, which is a significant concern. The company has also been experiencing substantial and growing net losses, with the TTM net income at -239,419. This lack of revenue generation, coupled with increasing negative EBIT and EBITDA margins, reflects poor operational performance.

Balance Sheet

Negative

The company's balance sheet shows a moderate debt-to-equity ratio of 0.55 in the TTM period, indicating some leverage but not excessively high. However, the equity ratio has decreased significantly over time, from a relatively healthy level in previous years to around 40.5% in the TTM. This suggests weakening financial stability, although the company maintains some cash reserves.

Cash Flow

Very Negative

Slave Lake Zinc Corp's cash flow situation is concerning, with negative free cash flow and operating cash flow consistently reported. Although there was a slight improvement in free cash flow from -741,939 to -56,154 in the most recent TTM, the overall cash management still poses a significant risk to financial health.

TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-119.84K	-267.39K	-336.13K	-727.15K	-728.34K	-275.76K
	EBITDA
-169.01K	-267.39K	-493.04K	-727.15K	-728.34K	-275.76K
	Net Income Common Stockholders
-239.42K	-274.89K	-836.67K	-800.13K	-862.18K	-275.76K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
812.01K	21.06K	84.67K	174.31K	435.26K	111.37K
	Total Assets
1.14M	680.06K	817.79K	832.78K	868.01K	364.29K
	Total Debt
529.24K	150.00K	150.00K	150.00K	483.27K	0.00
	Net Debt
-282.77K	128.94K	65.33K	-24.31K	48.01K	-111.37K
	Total Liabilities
725.41K	360.25K	223.08K	423.96K	721.20K	156.29K
	Stockholders Equity
411.59K	319.82K	594.71K	408.81K	146.81K	208.00K
Cash Flow		Free Cash Flow
-56.15K	-63.61K	-741.94K	-478.25K	-667.91K	-158.55K
	Operating Cash Flow
-44.58K	-38.99K	-732.14K	-268.29K	-531.24K	-150.08K
	Investing Cash Flow
-11.57K	-24.62K	-9.79K	-209.96K	-136.68K	-8.47K
	Financing Cash Flow
0.00	0.00	652.30K	217.30K	991.80K	60.00K

Slave Lake Zinc Corp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SLZNF		$1.23M	―	-67.93%	―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
ARIZF		$590.50K	―	-48.43%	―	―	―
SSYRF		$425.62K	―	-39.25%	―	―	―
WESMF		$499.95K	―	-70.67%	―	―	―
NSJ	35 Underperform	C$950.36K	―	-47.52%	―	―	7.03%
RMES	26 Underperform	C$1.00M	―	30.85%	―	―	37.50%

* Basic Materials Sector Average

Performance Comparison

SLZNF

Slave Lake Zinc Corp

0.01

0.00

0.00%

ARIZF

Affinity Metals

―

SSYRF

Sassy Gold Corp

0.03

-0.11

-78.57%

WESMF

West Mining Corp.

0.03

-0.25

-89.29%

TSE:NSJ

NSJ Gold

0.04

0.02

100.00%

TSE:RMES

Red Metal Resources Ltd.

0.02

-0.03

-60.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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