Gateway Mining Balance Sheet Health
Financial Health criteria checks 3/6
Gateway Mining has a total shareholder equity of A$26.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$28.4M and A$2.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.40m |
| Equity | AU$26.24m |
| Total liabilities | AU$2.14m |
| Total assets | AU$28.38m |
Financial Position Analysis
Short Term Liabilities: GML's short term assets (A$1.6M) exceed its short term liabilities (A$496.7K).
Long Term Liabilities: GML's short term assets (A$1.6M) do not cover its long term liabilities (A$1.6M).
Debt to Equity History and Analysis
Debt Level: GML is debt free.
Reducing Debt: GML had no debt 5 years ago.
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: GML has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GML has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.4% each year