Western Gold Resources Balance Sheet Health
Financial Health criteria checks 4/6
Western Gold Resources has a total shareholder equity of A$1.3M and total debt of A$500.0K, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are A$2.1M and A$740.8K respectively.
Key information
37.7%
Debt to equity ratio
AU$500.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$751.32k |
| Equity | AU$1.33m |
| Total liabilities | AU$740.81k |
| Total assets | AU$2.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WGR's short term assets (A$864.2K) exceed its short term liabilities (A$733.2K).
Long Term Liabilities: WGR's short term assets (A$864.2K) exceed its long term liabilities (A$7.6K).
Debt to Equity History and Analysis
Debt Level: WGR has more cash than its total debt.
Reducing Debt: WGR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: WGR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WGR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.9% each year