Spanish Mountain Gold Balance Sheet Health
Financial Health criteria checks 4/6
Spanish Mountain Gold has a total shareholder equity of CA$98.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$100.0M and CA$1.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.17m |
| Equity | CA$98.81m |
| Total liabilities | CA$1.15m |
| Total assets | CA$99.96m |
Recent financial health updates
We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully
Sep 10
Here's Why We're Watching Spanish Mountain Gold's (CVE:SPA) Cash Burn Situation
May 23Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?
Jan 26Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?
Sep 28We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully
Mar 09We're Keeping An Eye On Spanish Mountain Gold's (CVE:SPA) Cash Burn Rate
Nov 22Recent updates
We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully
Sep 10Here's Why We're Watching Spanish Mountain Gold's (CVE:SPA) Cash Burn Situation
May 23Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?
Jan 26Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?
Sep 28We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully
Mar 09We're Keeping An Eye On Spanish Mountain Gold's (CVE:SPA) Cash Burn Rate
Nov 22We Think Spanish Mountain Gold (CVE:SPA) Needs To Drive Business Growth Carefully
Aug 02Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Invest In Growth?
Feb 22Is Spanish Mountain Gold (CVE:SPA) In A Good Position To Deliver On Growth Plans?
Jul 27Financial Position Analysis
Short Term Liabilities: SPA's short term assets (CA$4.4M) exceed its short term liabilities (CA$734.0K).
Long Term Liabilities: SPA's short term assets (CA$4.4M) exceed its long term liabilities (CA$411.8K).
Debt to Equity History and Analysis
Debt Level: SPA is debt free.
Reducing Debt: SPA had no debt 5 years ago.
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: SPA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SPA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.4% each year