Altamira Gold Balance Sheet Health
Financial Health criteria checks 6/6
Altamira Gold has a total shareholder equity of CA$24.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$25.0M and CA$548.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$5.58m |
Equity | CA$24.50m |
Total liabilities | CA$548.21k |
Total assets | CA$25.05m |
Recent financial health updates
We're Not Very Worried About Altamira Gold's (CVE:ALTA) Cash Burn Rate
Feb 19We're Keeping An Eye On Altamira Gold's (CVE:ALTA) Cash Burn Rate
Jun 09Here's Why We're Watching Altamira Gold's (CVE:ALTA) Cash Burn Situation
Feb 05Here's Why We're Watching Altamira Gold's (CVE:ALTA) Cash Burn Situation
Oct 22Companies Like Altamira Gold (CVE:ALTA) Are In A Position To Invest In Growth
Jun 27Recent updates
We're Not Very Worried About Altamira Gold's (CVE:ALTA) Cash Burn Rate
Feb 19We're Keeping An Eye On Altamira Gold's (CVE:ALTA) Cash Burn Rate
Jun 09Here's Why We're Watching Altamira Gold's (CVE:ALTA) Cash Burn Situation
Feb 05Here's Why We're Watching Altamira Gold's (CVE:ALTA) Cash Burn Situation
Oct 22Companies Like Altamira Gold (CVE:ALTA) Are In A Position To Invest In Growth
Jun 27Financial Position Analysis
Short Term Liabilities: ALTA's short term assets (CA$5.7M) exceed its short term liabilities (CA$542.8K).
Long Term Liabilities: ALTA's short term assets (CA$5.7M) exceed its long term liabilities (CA$5.5K).
Debt to Equity History and Analysis
Debt Level: ALTA is debt free.
Reducing Debt: ALTA has not had any debt for 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: ALTA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ALTA has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 7.8% each year.