Xtra-Gold Resources Balance Sheet Health
Financial Health criteria checks 6/6
Xtra-Gold Resources has a total shareholder equity of $10.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.9M and $1.5M respectively. Xtra-Gold Resources's EBIT is $2.1M making its interest coverage ratio -5.7. It has cash and short-term investments of $9.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -5.7x |
| Cash | US$9.37m |
| Equity | US$10.34m |
| Total liabilities | US$1.52m |
| Total assets | US$11.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XTG's short term assets ($10.3M) exceed its short term liabilities ($1.5M).
Long Term Liabilities: XTG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XTG is debt free.
Reducing Debt: XTG has not had any debt for past 5 years.
Debt Coverage: XTG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: XTG has no debt, therefore coverage of interest payments is not a concern.