Horizon Gold Balance Sheet Health
Financial Health criteria checks 3/6
Horizon Gold has a total shareholder equity of A$33.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$45.4M and A$12.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.51m |
Equity | AU$33.03m |
Total liabilities | AU$12.32m |
Total assets | AU$45.35m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HRN's short term assets (A$1.6M) exceed its short term liabilities (A$373.0K).
Long Term Liabilities: HRN's short term assets (A$1.6M) do not cover its long term liabilities (A$11.9M).
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 0.6%.
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 3% each year