African Gold Balance Sheet Health
Financial Health criteria checks 4/6
African Gold has a total shareholder equity of A$10.3M and total debt of A$150.0K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are A$11.3M and A$963.1K respectively.
Key information
1.5%
Debt to equity ratio
AU$150.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$85.16k |
Equity | AU$10.30m |
Total liabilities | AU$963.08k |
Total assets | AU$11.27m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1G's short term assets (A$142.0K) do not cover its short term liabilities (A$963.1K).
Long Term Liabilities: A1G has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: A1G's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: A1G's debt to equity ratio has increased from 0% to 1.5% 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 0 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 0 months based on free cash flow estimates, but has since raised additional capital.