Element79 Gold Balance Sheet Health

Financial Health criteria checks 4/6

Element79 Gold has a total shareholder equity of CA$14.8M and total debt of CA$221.2K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$19.2M and CA$4.4M respectively.

Key information

1.5%

Debt to equity ratio

CA$221.22k

Debt

Interest coverage ration/a
CashCA$91.54k
EquityCA$14.77m
Total liabilitiesCA$4.44m
Total assetsCA$19.21m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ELEM's short term assets (CA$2.4M) do not cover its short term liabilities (CA$3.0M).

Long Term Liabilities: ELEM's short term assets (CA$2.4M) exceed its long term liabilities (CA$1.5M).


Debt to Equity History and Analysis

Debt Level: ELEM's net debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ELEM's debt to equity ratio has reduced 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 ELEM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ELEM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16% per year.


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