Canagold Resources Balance Sheet Health
Financial Health criteria checks 6/6
Canagold Resources has a total shareholder equity of $32.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $35.3M and $2.5M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.70m |
| Equity | US$32.78m |
| Total liabilities | US$2.53m |
| Total assets | US$35.31m |
Financial Position Analysis
Short Term Liabilities: CCM's short term assets ($7.6M) exceed its short term liabilities ($774.0K).
Long Term Liabilities: CCM's short term assets ($7.6M) exceed its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: CCM is debt free.
Reducing Debt: CCM had no debt 5 years ago.
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: CCM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CCM has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 24.6% each year.