Seahawk Gold Balance Sheet Health
Financial Health criteria checks 5/6
Seahawk Gold has a total shareholder equity of CA$2.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.0M and CA$708.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$219.23k |
Equity | CA$2.26m |
Total liabilities | CA$708.25k |
Total assets | CA$2.97m |
Financial Position Analysis
Short Term Liabilities: SEAG's short term assets (CA$245.8K) do not cover its short term liabilities (CA$708.3K).
Long Term Liabilities: SEAG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SEAG is debt free.
Reducing Debt: SEAG has no debt compared to 5 years ago when its debt to equity ratio was 1.5%.
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: SEAG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SEAG has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 0.8% each year.