Southern Cross Gold Balance Sheet Health

Financial Health criteria checks 6/6

Southern Cross Gold has a total shareholder equity of A$38.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$40.4M and A$1.6M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$13.36m
EquityAU$38.77m
Total liabilitiesAU$1.58m
Total assetsAU$40.35m

Recent financial health updates

Recent updates

Southern Cross Gold (ASX:SXG) Is In A Good Position To Deliver On Growth Plans

Jun 05
Southern Cross Gold (ASX:SXG) Is In A Good Position To Deliver On Growth Plans

We Think Southern Cross Gold (ASX:SXG) Can Afford To Drive Business Growth

Feb 20
We Think Southern Cross Gold (ASX:SXG) Can Afford To Drive Business Growth

We're Not Very Worried About Southern Cross Gold's (ASX:SXG) Cash Burn Rate

Nov 03
We're Not Very Worried About Southern Cross Gold's (ASX:SXG) Cash Burn Rate

Financial Position Analysis

Short Term Liabilities: SXG's short term assets (A$13.6M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: SXG's short term assets (A$13.6M) exceed its long term liabilities (A$124.5K).


Debt to Equity History and Analysis

Debt Level: SXG is debt free.

Reducing Debt: SXG has not had any debt for 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: SXG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SXG has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 43.1% each year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 08:27
End of Day Share Price 2024/12/23 00:00
Earnings2024/05/31
Annual Earnings2024/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Southern Cross Gold Ltd is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bradley WatsonBell Potter
Dorab PostmasterShaw and Partners Limited