Signal Gold Balance Sheet Health
Financial Health criteria checks 3/6
Signal Gold has a total shareholder equity of CA$25.2M and total debt of CA$26.7M, which brings its debt-to-equity ratio to 105.9%. Its total assets and total liabilities are CA$53.9M and CA$28.7M respectively.
Key information
105.9%
Debt to equity ratio
CA$26.66m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.19m |
| Equity | CA$25.17m |
| Total liabilities | CA$28.72m |
| Total assets | CA$53.89m |
Recent financial health updates
Signal Gold (TSE:SGNL) Is Making Moderate Use Of Debt
Nov 07
Does Signal Gold (TSE:SGNL) Have A Healthy Balance Sheet?
Apr 28Is Signal Gold (TSE:SGNL) A Risky Investment?
Jan 05Is Signal Gold (TSE:SGNL) Using Debt Sensibly?
Aug 18Recent updates
Signal Gold Inc. (TSE:SGNL) Not Doing Enough For Some Investors As Its Shares Slump 26%
Jan 30Signal Gold (TSE:SGNL) Is Making Moderate Use Of Debt
Nov 07Does Signal Gold (TSE:SGNL) Have A Healthy Balance Sheet?
Apr 28Is Signal Gold (TSE:SGNL) A Risky Investment?
Jan 05Is Signal Gold (TSE:SGNL) Using Debt Sensibly?
Aug 18Financial Position Analysis
Short Term Liabilities: SGNL's short term assets (CA$5.4M) do not cover its short term liabilities (CA$28.4M).
Long Term Liabilities: SGNL's short term assets (CA$5.4M) exceed its long term liabilities (CA$362.7K).
Debt to Equity History and Analysis
Debt Level: SGNL's net debt to equity ratio (85.3%) is considered high.
Reducing Debt: SGNL's debt to equity ratio has increased from 8.6% to 105.9% 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: SGNL has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SGNL is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.