Argo Gold Balance Sheet Health
Financial Health criteria checks 3/6
Argo Gold has a total shareholder equity of CA$1.6M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CA$3.2M and CA$1.6M respectively. Argo Gold's EBIT is CA$727.0K making its interest coverage ratio 4.4. It has cash and short-term investments of CA$9.0K.
Key information
70.4%
Debt to equity ratio
CA$1.11m
Debt
| Interest coverage ratio | 4.4x |
| Cash | CA$8.98k |
| Equity | CA$1.58m |
| Total liabilities | CA$1.63m |
| Total assets | CA$3.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARQ's short term assets (CA$459.5K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: ARQ's short term assets (CA$459.5K) exceed its long term liabilities (CA$72.3K).
Debt to Equity History and Analysis
Debt Level: ARQ's net debt to equity ratio (69.8%) is considered high.
Reducing Debt: ARQ's debt to equity ratio has increased from 0% to 70.4% over the past 5 years.
Debt Coverage: ARQ's debt is well covered by operating cash flow (42.5%).
Interest Coverage: ARQ's interest payments on its debt are well covered by EBIT (4.4x coverage).