Adelong Gold Balance Sheet Health
Financial Health criteria checks 5/6
Adelong Gold has a total shareholder equity of A$6.1M and total debt of A$250.0K, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are A$6.5M and A$454.2K respectively.
Key information
4.1%
Debt to equity ratio
AU$250.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$528.45k |
Equity | AU$6.09m |
Total liabilities | AU$454.18k |
Total assets | AU$6.54m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ADG's short term assets (A$2.7M) exceed its short term liabilities (A$454.2K).
Long Term Liabilities: ADG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ADG has more cash than its total debt.
Reducing Debt: ADG's debt to equity ratio has increased from 0% to 4.1% 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: ADG has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ADG is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.