Sabre Gold Mines Balance Sheet Health
Financial Health criteria checks 3/6
Sabre Gold Mines has a total shareholder equity of CA$28.5M and total debt of CA$7.5M, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are CA$45.9M and CA$17.4M respectively.
Key information
26.4%
Debt to equity ratio
CA$7.54m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.86m |
| Equity | CA$28.51m |
| Total liabilities | CA$17.36m |
| Total assets | CA$45.87m |
Financial Position Analysis
Short Term Liabilities: SGLD's short term assets (CA$5.9M) exceed its short term liabilities (CA$2.8M).
Long Term Liabilities: SGLD's short term assets (CA$5.9M) do not cover its long term liabilities (CA$14.5M).
Debt to Equity History and Analysis
Debt Level: SGLD's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: SGLD's debt to equity ratio has reduced from 211.9% to 26.4% over the past 5 years.
Debt Coverage: SGLD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if SGLD's interest payments on its debt are well covered by EBIT.