Asante Gold Balance Sheet Health
Financial Health criteria checks 3/6
Asante Gold has a total shareholder equity of CA$8.7M and total debt of CA$45.8M, which brings its debt-to-equity ratio to 529.7%. Its total assets and total liabilities are CA$1.0B and CA$992.9M respectively.
Key information
529.7%
Debt to equity ratio
CA$45.83m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$31.28m |
| Equity | CA$8.65m |
| Total liabilities | CA$992.94m |
| Total assets | CA$1.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASE's short term assets (CA$174.8M) do not cover its short term liabilities (CA$891.2M).
Long Term Liabilities: ASE's short term assets (CA$174.8M) exceed its long term liabilities (CA$101.8M).
Debt to Equity History and Analysis
Debt Level: ASE's net debt to equity ratio (168.2%) is considered high.
Reducing Debt: ASE's debt to equity ratio has increased from 0% to 529.7% 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: Whilst unprofitable ASE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.3% per year.