Asante Gold Balance Sheet Health
Financial Health criteria checks 2/6
Asante Gold has a total shareholder equity of $17.0M and total debt of $46.9M, which brings its debt-to-equity ratio to 276.2%. Its total assets and total liabilities are $691.9M and $674.9M respectively.
Key information
276.2%
Debt to equity ratio
US$46.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$26.37m |
| Equity | US$17.00m |
| Total liabilities | US$674.88m |
| Total assets | US$691.87m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ASE's short term assets ($125.1M) do not cover its short term liabilities ($565.2M).
Long Term Liabilities: ASE's short term assets ($125.1M) exceed its long term liabilities ($109.7M).
Debt to Equity History and Analysis
Debt Level: ASE's net debt to equity ratio (121%) is considered high.
Reducing Debt: ASE's debt to equity ratio has increased from 114.9% to 276.2% 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: ASE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ASE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.8% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Asante Gold Corporation is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Mackenzie | Canaccord Genuity |
| Carey MacRury | Canaccord Genuity |
| Michael Fairbairn | Canaccord Genuity |