Westgate Energy Balance Sheet Health
Financial Health criteria checks 6/6
Westgate Energy has a total shareholder equity of CA$11.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$15.5M and CA$3.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.30m |
| Equity | CA$11.64m |
| Total liabilities | CA$3.88m |
| Total assets | CA$15.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WGT's short term assets (CA$8.1M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: WGT's short term assets (CA$8.1M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: WGT is debt free.
Reducing Debt: WGT 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: WGT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: WGT has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 95.1% each year.