Artemis Gold Balance Sheet Health
Financial Health criteria checks 2/6
Artemis Gold has a total shareholder equity of CA$581.4M and total debt of CA$143.5M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$1.1B and CA$539.4M respectively.
Key information
24.7%
Debt to equity ratio
CA$143.50m
Debt
Interest coverage ratio | n/a |
Cash | CA$156.59m |
Equity | CA$581.36m |
Total liabilities | CA$539.42m |
Total assets | CA$1.12b |
Recent financial health updates
We Think Artemis Gold (CVE:ARTG) Can Afford To Drive Business Growth
Sep 20We're Hopeful That Artemis Gold (CVE:ARTG) Will Use Its Cash Wisely
Apr 28Here's Why We're Not Too Worried About Artemis Gold's (CVE:ARTG) Cash Burn Situation
Jan 12Recent updates
We Think Artemis Gold (CVE:ARTG) Can Afford To Drive Business Growth
Sep 20We're Hopeful That Artemis Gold (CVE:ARTG) Will Use Its Cash Wisely
Apr 28Here's Why We're Not Too Worried About Artemis Gold's (CVE:ARTG) Cash Burn Situation
Jan 12What Type Of Shareholders Make Up Artemis Gold Inc.'s (CVE:ARTG) Share Registry?
Jan 20Financial Position Analysis
Short Term Liabilities: ARTG's short term assets (CA$166.8M) exceed its short term liabilities (CA$57.0M).
Long Term Liabilities: ARTG's short term assets (CA$166.8M) do not cover its long term liabilities (CA$482.4M).
Debt to Equity History and Analysis
Debt Level: ARTG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ARTG's debt to equity ratio has reduced 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: ARTG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ARTG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.8% each year