Challenger Gold Balance Sheet Health
Financial Health criteria checks 3/6
Challenger Gold has a total shareholder equity of A$127.4M and total debt of A$14.3M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are A$146.5M and A$19.1M respectively.
Key information
11.2%
Debt to equity ratio
AU$14.33m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.35m |
| Equity | AU$127.41m |
| Total liabilities | AU$19.06m |
| Total assets | AU$146.47m |
Financial Position Analysis
Short Term Liabilities: CEL's short term assets (A$5.1M) do not cover its short term liabilities (A$16.7M).
Long Term Liabilities: CEL's short term assets (A$5.1M) exceed its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: CEL's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: CEL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if CEL's interest payments on its debt are well covered by EBIT.