Argo Gold Balance Sheet Health
Financial Health criteria checks 3/6
Argo Gold has a total shareholder equity of CA$985.3K and total debt of CA$1.1M, which brings its debt-to-equity ratio to 108.1%. Its total assets and total liabilities are CA$2.4M and CA$1.4M respectively.
Key information
108.1%
Debt to equity ratio
CA$1.07m
Debt
Interest coverage ratio | n/a |
Cash | CA$35.18k |
Equity | CA$985.34k |
Total liabilities | CA$1.40m |
Total assets | CA$2.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARQ's short term assets (CA$257.1K) do not cover its short term liabilities (CA$1.4M).
Long Term Liabilities: ARQ's short term assets (CA$257.1K) exceed its long term liabilities (CA$17.9K).
Debt to Equity History and Analysis
Debt Level: ARQ's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: ARQ's debt to equity ratio has increased from 0% to 108.1% over the 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: ARQ has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ARQ is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.