Gold Springs Resource Balance Sheet Health
Financial Health criteria checks 2/6
Gold Springs Resource has a total shareholder equity of $24.8M and total debt of $29.6K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are $26.0M and $1.2M respectively.
Key information
0.1%
Debt to equity ratio
US$29.63k
Debt
| Interest coverage ratio | n/a |
| Cash | US$34.52k |
| Equity | US$24.85m |
| Total liabilities | US$1.20m |
| Total assets | US$26.05m |
Financial Position Analysis
Short Term Liabilities: GRC's short term assets ($78.3K) do not cover its short term liabilities ($1.2M).
Long Term Liabilities: GRC's short term assets ($78.3K) exceed its long term liabilities ($29.6K).
Debt to Equity History and Analysis
Debt Level: GRC has more cash than its total debt.
Reducing Debt: GRC's debt to equity ratio has increased from 0% to 0.1% 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: GRC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GRC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.7% each year