Canagold Resources Balance Sheet Health

Financial Health criteria checks 4/6

Canagold Resources has a total shareholder equity of $31.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $35.0M and $3.2M respectively.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ration/a
CashUS$4.50m
EquityUS$31.81m
Total liabilitiesUS$3.23m
Total assetsUS$35.03m

Recent financial health updates

Recent updates

We're Keeping An Eye On Canagold Resources' (TSE:CCM) Cash Burn Rate

Jan 26
We're Keeping An Eye On Canagold Resources' (TSE:CCM) Cash Burn Rate

We're Hopeful That Canagold Resources (TSE:CCM) Will Use Its Cash Wisely

Apr 03
We're Hopeful That Canagold Resources (TSE:CCM) Will Use Its Cash Wisely

Is Canarc Resource (TSE:CCM) In A Good Position To Deliver On Growth Plans?

Nov 19
Is Canarc Resource (TSE:CCM) In A Good Position To Deliver On Growth Plans?

Financial Position Analysis

Short Term Liabilities: CCM's short term assets ($5.5M) exceed its short term liabilities ($1.5M).

Long Term Liabilities: CCM's short term assets ($5.5M) exceed its long term liabilities ($1.7M).


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CCM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.1% each year


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