Gold Springs Resource Balance Sheet Health
Financial Health criteria checks 2/6
Gold Springs Resource has a total shareholder equity of $25.0M and total debt of $29.2K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are $25.8M and $826.3K respectively.
Key information
0.1%
Debt to equity ratio
US$29.22k
Debt
| Interest coverage ratio | n/a |
| Cash | US$11.02k |
| Equity | US$25.02m |
| Total liabilities | US$826.30k |
| Total assets | US$25.84m |
Financial Position Analysis
Short Term Liabilities: GRC's short term assets ($84.7K) do not cover its short term liabilities ($797.1K).
Long Term Liabilities: GRC's short term assets ($84.7K) exceed its long term liabilities ($29.2K).
Debt to Equity History and Analysis
Debt Level: GRC's net debt to equity ratio (0.07%) is considered satisfactory.
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 2.4% each year