Sabre Gold Mines Balance Sheet Health
Financial Health criteria checks 2/6
Sabre Gold Mines has a total shareholder equity of CA$22.7M and total debt of CA$8.5M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CA$41.8M and CA$19.1M respectively.
Key information
37.6%
Debt to equity ratio
CA$8.51m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$681.30k |
| Equity | CA$22.66m |
| Total liabilities | CA$19.14m |
| Total assets | CA$41.80m |
Financial Position Analysis
Short Term Liabilities: SGLD's short term assets (CA$715.2K) do not cover its short term liabilities (CA$8.2M).
Long Term Liabilities: SGLD's short term assets (CA$715.2K) do not cover its long term liabilities (CA$10.9M).
Debt to Equity History and Analysis
Debt Level: SGLD's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: SGLD's debt to equity ratio has reduced from 964% to 37.6% 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.