Loncor Gold Balance Sheet Health
Financial Health criteria checks 4/6
Loncor Gold has a total shareholder equity of $21.6M and total debt of $154.0K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $24.4M and $2.8M respectively.
Key information
0.7%
Debt to equity ratio
US$154.03k
Debt
Interest coverage ratio | n/a |
Cash | US$639.68k |
Equity | US$21.57m |
Total liabilities | US$2.80m |
Total assets | US$24.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LN's short term assets ($11.6M) exceed its short term liabilities ($2.7M).
Long Term Liabilities: LN's short term assets ($11.6M) exceed its long term liabilities ($102.7K).
Debt to Equity History and Analysis
Debt Level: LN has more cash than its total debt.
Reducing Debt: LN's debt to equity ratio has reduced from 1.1% to 0.7% 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: LN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28.3% each year