Horizon Gold Balance Sheet Health

Financial Health criteria checks 2/6

Horizon Gold has a total shareholder equity of A$32.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$44.1M and A$12.1M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$219.00k
Equity	AU$31.96m
Total liabilities	AU$12.15m
Total assets	AU$44.10m

Recent financial health updates

Recent updates

We Wouldn't Rely On Horizon Gold's (ASX:HRN) Statutory Earnings As A Guide

Dec 24

Financial Position Analysis

Short Term Liabilities: HRN's short term assets (A$290.0K) do not cover its short term liabilities (A$393.0K).

Long Term Liabilities: HRN's short term assets (A$290.0K) do not cover its long term liabilities (A$11.8M).

Debt to Equity History and Analysis

Debt Level: HRN is debt free.

Reducing Debt: HRN has no debt compared to 5 years ago when its debt to equity ratio was 0.8%.

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: HRN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HRN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.7% each year

Horizon Gold Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Horizon Gold Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Recent updates

Horizon Gold Limited, Annual General Meeting, Nov 21, 2024

Full year 2024 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in FY 2023)

Horizon Gold Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity

Horizon Gold Limited Announces Resignation of Dugald Morrison as Non-Executive Director

New major risk - Financial position

Less than half of directors are independent

New minor risk - Shareholder dilution

Horizon Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5.897485 million.

Horizon Gold Limited, Annual General Meeting, Nov 23, 2023

Less than half of directors are independent

Full year 2023 earnings released: AU$0.017 loss per share (vs AU$0.005 loss in FY 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Horizon Gold Limited Announces Further Impressive Broad, Shallow and High-Grade Intercepts

Horizon Gold Limited Announces Diamond Drilling Returns 15M @ 28.5G/T Au from Kingfisher

Horizon Gold Limited Announces Shallow and High Grade Gold Intercepts from its 100% Owned Gum Creek Gold Project in the Mid-West Region of Western Australia

Less than half of directors are independent

Horizon Gold Limited Announces Substantial New Wide Gold Intercepts and High Grade Gold Results from Rc Drilling At Its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Shallow High Grade Gold Intercepts Within Broad Mineralised Zones from Recently Completed RC Drilling At Its 100% Owned Gum Creek Gold Project

Horizon Gold Limited, Annual General Meeting, Nov 18, 2022

Horizon Gold Limited Announces Additional Shallow High Grade Gold Results from Recently Completes RC Drilling At Creek Gold Project

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.012 loss in FY 2021)

Horizon Gold Limited Announces 32% Increase in Resources At Gum Creek Gold Project

Horizon Gold Limited Commences Initial 2,000m of RC and Diamond Drilling at the Altair and Mensa Prospects Within Its 100% Owned Gum Creek Gold Project

Horizon Gold Limited Plans RC and Diamond Drilling for the Altair and Mensa Prospect Areas Within its 100% Owned Gum Creek Gold Project, in the Mid-West Region of Western Australia

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Horizon Gold Limited Announces Additional Significant Gold Results from the Recently Completed RC Drilling at its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Shallow High Grade Gold Intercepts At Orion and Wahoo

Full year 2021 earnings released: AU$0.012 loss per share (vs AU$0.06 profit in FY 2020)

Horizon Gold Limited Announces Additional Significant Results from Ongoing RC Drilling at Its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Rc Drilling Results from Swift, Swan and Eagle Targets

First half 2021 earnings released: AU$0.004 loss per share (vs AU$0.015 loss in 1H 2020)

New 90-day low: AU$0.41

Horizon Gold Limited Confirms Significant Exploration Potential with Compelling Drill Targets

Horizon Gold Limited Provides Update Its Mineral Resource Estimate

New 90-day high: AU$0.55

New 90-day high: AU$0.52

We Wouldn't Rely On Horizon Gold's (ASX:HRN) Statutory Earnings As A Guide

Leigh Ryan Commences Employment as Managing Director of Horizon Gold Limited

Horizon Gold Limited Approves Appointment of Dugald Morrison as Director

New 90-day low: AU$0.36

Horizon Gold Limited Announces Executive Changes

Horizon Gold Limited Commences Drilling at Gum Creek Gold Project

New 90-day low: AU$0.37

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Horizon Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 3.279884 million.

Zeta Resources Limited (ASX:ZER), Paul Bennett, Peter Venn and others completed the acquisition of 24.6% stake in Horizon Gold Limited (ASX:HRN) from Panoramic Resources Limited (ASX:PAN).

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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