Citigold Corporation Limited

ASX:CTO Stock Report

Market Cap: AU$12.0m

Citigold Balance Sheet Health

Financial Health criteria checks 3/6

Citigold has a total shareholder equity of A$98.2M and total debt of A$3.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are A$112.5M and A$14.3M respectively.

Key information

3.1%

Debt to equity ratio

AU$3.04m

Debt

Interest coverage ration/a
CashAU$219.63k
EquityAU$98.15m
Total liabilitiesAU$14.34m
Total assetsAU$112.50m

Recent financial health updates

Recent updates

Is Citigold (ASX:CTO) Using Too Much Debt?

Oct 03
Is Citigold (ASX:CTO) Using Too Much Debt?

Does Citigold (ASX:CTO) Have A Healthy Balance Sheet?

Jun 20
Does Citigold (ASX:CTO) Have A Healthy Balance Sheet?

Does Citigold (ASX:CTO) Have A Healthy Balance Sheet?

Mar 07
Does Citigold (ASX:CTO) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: CTO's short term assets (A$380.9K) do not cover its short term liabilities (A$1.7M).

Long Term Liabilities: CTO's short term assets (A$380.9K) do not cover its long term liabilities (A$12.7M).


Debt to Equity History and Analysis

Debt Level: CTO's net debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: CTO's debt to equity ratio has increased from 0.7% to 3.1% 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: CTO has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CTO is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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