This company is no longer active
Argonaut Gold Balance Sheet Health
Financial Health criteria checks 2/6
Argonaut Gold has a total shareholder equity of $578.5M and total debt of $269.6M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are $1.2B and $648.8M respectively.
Key information
46.6%
Debt to equity ratio
US$269.63m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.33m |
| Equity | US$578.51m |
| Total liabilities | US$648.80m |
| Total assets | US$1.23b |
Financial Position Analysis
Short Term Liabilities: AR's short term assets ($283.2M) do not cover its short term liabilities ($462.2M).
Long Term Liabilities: AR's short term assets ($283.2M) exceed its long term liabilities ($186.6M).
Debt to Equity History and Analysis
Debt Level: AR's net debt to equity ratio (46.2%) is considered high.
Reducing Debt: AR's debt to equity ratio has increased from 2.3% to 46.6% 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: AR has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if AR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.