Steppe Gold Balance Sheet Health
Financial Health criteria checks 3/6
Steppe Gold has a total shareholder equity of $115.5M and total debt of $85.4M, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are $267.3M and $151.8M respectively. Steppe Gold's EBIT is $67.7M making its interest coverage ratio -23.5. It has cash and short-term investments of $14.9M.
Key information
73.9%
Debt to equity ratio
US$85.42m
Debt
| Interest coverage ratio | -23.5x |
| Cash | US$14.90m |
| Equity | US$115.54m |
| Total liabilities | US$151.75m |
| Total assets | US$267.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STGO's short term assets ($40.7M) do not cover its short term liabilities ($126.6M).
Long Term Liabilities: STGO's short term assets ($40.7M) exceed its long term liabilities ($25.2M).
Debt to Equity History and Analysis
Debt Level: STGO's net debt to equity ratio (61%) is considered high.
Reducing Debt: Insufficient data to determine if STGO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: STGO's debt is well covered by operating cash flow (84.6%).
Interest Coverage: STGO earns more interest than it pays, so coverage of interest payments is not a concern.