Gold Mountain Mining Balance Sheet Health
Financial Health criteria checks 2/6
Gold Mountain Mining has a total shareholder equity of CA$32.0M and total debt of CA$6.5M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are CA$50.6M and CA$18.6M respectively.
Key information
20.4%
Debt to equity ratio
CA$6.52m
Debt
Interest coverage ratio | n/a |
Cash | CA$125.29k |
Equity | CA$32.02m |
Total liabilities | CA$18.60m |
Total assets | CA$50.62m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMTN's short term assets (CA$797.8K) do not cover its short term liabilities (CA$9.8M).
Long Term Liabilities: GMTN's short term assets (CA$797.8K) do not cover its long term liabilities (CA$8.8M).
Debt to Equity History and Analysis
Debt Level: GMTN's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: GMTN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: GMTN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GMTN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.6% each year