African Gold Balance Sheet Health
Financial Health criteria checks 4/6
African Gold has a total shareholder equity of A$7.3M and total debt of A$433.6K, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are A$8.7M and A$1.4M respectively.
Key information
5.9%
Debt to equity ratio
AU$433.61k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$886.16k |
| Equity | AU$7.32m |
| Total liabilities | AU$1.37m |
| Total assets | AU$8.69m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1G's short term assets (A$1.0M) do not cover its short term liabilities (A$1.4M).
Long Term Liabilities: A1G has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: A1G has more cash than its total debt.
Reducing Debt: A1G's debt to equity ratio has increased from 0% to 5.9% 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: A1G has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: A1G is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.