AltynGold Balance Sheet Health
Financial Health criteria checks 3/6
AltynGold has a total shareholder equity of $70.7M and total debt of $58.5M, which brings its debt-to-equity ratio to 82.8%. Its total assets and total liabilities are $145.5M and $74.8M respectively. AltynGold's EBIT is $15.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $5.5M.
Key information
82.8%
Debt to equity ratio
US$58.49m
Debt
Interest coverage ratio | 4.3x |
Cash | US$5.50m |
Equity | US$70.68m |
Total liabilities | US$74.81m |
Total assets | US$145.49m |
Recent financial health updates
These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Nov 11AltynGold (LON:ALTN) Takes On Some Risk With Its Use Of Debt
Dec 17Recent updates
AltynGold plc (LON:ALTN) Soars 38% But It's A Story Of Risk Vs Reward
Apr 28AltynGold (LON:ALTN) Is Doing The Right Things To Multiply Its Share Price
Mar 07AltynGold (LON:ALTN) Is Doing The Right Things To Multiply Its Share Price
Dec 07AltynGold (LON:ALTN) Could Become A Multi-Bagger
Aug 01Estimating The Intrinsic Value Of AltynGold plc (LON:ALTN)
Jun 17Here's Why We Think AltynGold (LON:ALTN) Might Deserve Your Attention Today
Mar 18AltynGold plc's (LON:ALTN) Share Price Boosted 85% But Its Business Prospects Need A Lift Too
Jan 27Why We Like The Returns At AltynGold (LON:ALTN)
Jan 05These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Nov 11Returns On Capital Are A Standout For AltynGold (LON:ALTN)
Sep 28Returns on Capital Paint A Bright Future For AltynGold (LON:ALTN)
Jun 14Investors Shouldn't Overlook AltynGold's (LON:ALTN) Impressive Returns On Capital
Nov 06AltynGold's (LON:ALTN) Promising Earnings May Rest On Soft Foundations
Sep 15There's Been No Shortage Of Growth Recently For AltynGold's (LON:ALTN) Returns On Capital
May 17Do Its Financials Have Any Role To Play In Driving AltynGold plc's (LON:ALTN) Stock Up Recently?
Mar 17What Do The Returns At AltynGold (LON:ALTN) Mean Going Forward?
Feb 02AltynGold (LON:ALTN) Takes On Some Risk With Its Use Of Debt
Dec 17Financial Position Analysis
Short Term Liabilities: ALTN's short term assets ($41.4M) exceed its short term liabilities ($28.1M).
Long Term Liabilities: ALTN's short term assets ($41.4M) do not cover its long term liabilities ($46.7M).
Debt to Equity History and Analysis
Debt Level: ALTN's net debt to equity ratio (75%) is considered high.
Reducing Debt: ALTN's debt to equity ratio has increased from 14.9% to 82.8% over the past 5 years.
Debt Coverage: ALTN's debt is well covered by operating cash flow (25%).
Interest Coverage: ALTN's interest payments on its debt are well covered by EBIT (4.3x coverage).