Asante Gold Balance Sheet Health
Financial Health criteria checks 3/6
Asante Gold has a total shareholder equity of $7.5M and total debt of $56.7M, which brings its debt-to-equity ratio to 752.5%. Its total assets and total liabilities are $684.3M and $676.7M respectively.
Key information
752.5%
Debt to equity ratio
US$56.72m
Debt
| Interest coverage ratio | n/a |
| Cash | US$26.30m |
| Equity | US$7.54m |
| Total liabilities | US$676.72m |
| Total assets | US$684.26m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASE's short term assets ($122.3M) do not cover its short term liabilities ($567.0M).
Long Term Liabilities: ASE's short term assets ($122.3M) exceed its long term liabilities ($109.7M).
Debt to Equity History and Analysis
Debt Level: ASE's net debt to equity ratio (403.5%) is considered high.
Reducing Debt: ASE's debt to equity ratio has increased from 120.9% to 752.5% 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 1.6% per year.