G Mining Ventures Balance Sheet Health
Financial Health criteria checks 3/6
G Mining Ventures has a total shareholder equity of $263.0M and total debt of $32.3M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are $587.7M and $324.7M respectively.
Key information
12.3%
Debt to equity ratio
US$32.34m
Debt
Interest coverage ratio | n/a |
Cash | US$52.40m |
Equity | US$263.04m |
Total liabilities | US$324.67m |
Total assets | US$587.70m |
Recent financial health updates
Health Check: How Prudently Does G Mining Ventures (CVE:GMIN) Use Debt?
Nov 01Is G Mining Ventures (CVE:GMIN) Using Too Much Debt?
Jul 29We're Not Very Worried About G Mining Ventures' (CVE:GMIN) Cash Burn Rate
Jun 10Recent updates
G Mining Ventures Corp.'s (TSE:GMIN) Intrinsic Value Is Potentially 45% Above Its Share Price
Mar 15Health Check: How Prudently Does G Mining Ventures (CVE:GMIN) Use Debt?
Nov 01Is G Mining Ventures (CVE:GMIN) Using Too Much Debt?
Jul 29Is There An Opportunity With G Mining Ventures Corp.'s (CVE:GMIN) 24% Undervaluation?
Jul 08We're Not Very Worried About G Mining Ventures' (CVE:GMIN) Cash Burn Rate
Jun 10Here's What G Mining Ventures Corp.'s (CVE:GMIN) Shareholder Ownership Structure Looks Like
Feb 25Financial Position Analysis
Short Term Liabilities: GMIN's short term assets ($63.4M) exceed its short term liabilities ($49.2M).
Long Term Liabilities: GMIN's short term assets ($63.4M) do not cover its long term liabilities ($275.5M).
Debt to Equity History and Analysis
Debt Level: GMIN has more cash than its total debt.
Reducing Debt: GMIN's debt to equity ratio has increased from 0% to 12.3% 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: GMIN has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if GMIN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.