Signal Gold Balance Sheet Health
Financial Health criteria checks 2/6
Signal Gold has a total shareholder equity of CA$65.4M and total debt of CA$22.5M, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are CA$95.3M and CA$30.0M respectively.
Key information
34.5%
Debt to equity ratio
CA$22.53m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.85m |
| Equity | CA$65.36m |
| Total liabilities | CA$29.97m |
| Total assets | CA$95.33m |
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 18Is Anaconda Mining Inc. (TSE:ANX) Trading At A 49% Discount?
Feb 03If You Like EPS Growth Then Check Out Anaconda Mining (TSE:ANX) Before It's Too Late
Jun 22Financial Position Analysis
Short Term Liabilities: SGNL's short term assets (CA$10.3M) exceed its short term liabilities (CA$2.0M).
Long Term Liabilities: SGNL's short term assets (CA$10.3M) do not cover its long term liabilities (CA$28.0M).
Debt to Equity History and Analysis
Debt Level: SGNL's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: SGNL's debt to equity ratio has increased from 1.7% to 34.5% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SGNL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.8% each year