Ascot Resources Balance Sheet Health
Financial Health criteria checks 2/6
Ascot Resources has a total shareholder equity of CA$384.5M and total debt of CA$45.5M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CA$770.2M and CA$385.7M respectively.
Key information
11.8%
Debt to equity ratio
CA$45.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$12.71m |
| Equity | CA$384.46m |
| Total liabilities | CA$385.71m |
| Total assets | CA$770.17m |
Financial Position Analysis
Short Term Liabilities: AOT's short term assets (CA$29.7M) do not cover its short term liabilities (CA$105.4M).
Long Term Liabilities: AOT's short term assets (CA$29.7M) do not cover its long term liabilities (CA$280.3M).
Debt to Equity History and Analysis
Debt Level: AOT's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: AOT's debt to equity ratio has increased from 7.8% to 11.8% over the past 5 years.
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: AOT has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if AOT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.