Steppe Gold Balance Sheet Health
Financial Health criteria checks 5/6
Steppe Gold has a total shareholder equity of $161.4M and total debt of $112.7M, which brings its debt-to-equity ratio to 69.8%. Its total assets and total liabilities are $377.9M and $216.5M respectively. Steppe Gold's EBIT is $147.1M making its interest coverage ratio 25.5. It has cash and short-term investments of $178.7M.
Key information
69.80%
Debt to equity ratio
US$112.65m
Debt
| Interest coverage ratio | 25.5x |
| Cash | US$178.75m |
| Equity | US$161.39m |
| Total liabilities | US$216.47m |
| Total assets | US$377.86m |
Recent financial health updates
Recent updates
(Deep Dive) From Mongolian Producer to Gold Powerhouse: Why Steppe Gold Looks So Interesting
In this video, we break down why Steppe Gold is becoming a fascinating producer-growth story. We cover Boroo and Ulaanbulag as the current cash-flow base, ATO Phase 2 as the major expansion catalyst, and why full exposure to higher gold prices could reshape the company’s upside.Steppe Gold's (TSE:STGO) Conservative Accounting Might Explain Soft Earnings
Steppe Gold Ltd.'s ( TSE:STGO ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
A case for Steppe Gold, bear case CAD $4, base case CAD $15, bull case CAD $25
Steppe Gold Ltd. (TSX: STGO) as of mid-April 2026 Steppe Gold is a Mongolia-based gold producer operating the ATO mine (oxide phase depleting), plus the integrated Boroo and Ulaanbulag mines acquired in 2024.Steppe Gold Ltd. (TSE:STGO) Surges 29% Yet Its Low P/E Is No Reason For Excitement
Steppe Gold Ltd. ( TSE:STGO ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...Steppe Gold (TSE:STGO) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Steppe Gold Ltd.'s (TSE:STGO) Shares Bounce 26% But Its Business Still Trails The Market
The Steppe Gold Ltd. ( TSE:STGO ) share price has done very well over the last month, posting an excellent gain of 26...Financial Position Analysis
Short Term Liabilities: STGO's short term assets ($230.0M) exceed its short term liabilities ($124.3M).
Long Term Liabilities: STGO's short term assets ($230.0M) exceed its long term liabilities ($92.2M).
Debt to Equity History and Analysis
Debt Level: STGO has more cash than its total debt.
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 (127.9%).
Interest Coverage: STGO's interest payments on its debt are well covered by EBIT (25.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/19 15:17 |
| End of Day Share Price | 2026/07/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Steppe Gold Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Guy | Hannam & Partners (Advisory) LLP |