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 ration/a
CashCA$156.59m
EquityCA$581.36m
Total liabilitiesCA$539.42m
Total assetsCA$1.12b

Recent financial health updates

Recent updates

We Think Artemis Gold (CVE:ARTG) Can Afford To Drive Business Growth

Sep 20
We Think Artemis Gold (CVE:ARTG) Can Afford To Drive Business Growth

We're Hopeful That Artemis Gold (CVE:ARTG) Will Use Its Cash Wisely

Apr 28
We're Hopeful That Artemis Gold (CVE:ARTG) Will Use Its Cash Wisely

Here's Why We're Not Too Worried About Artemis Gold's (CVE:ARTG) Cash Burn Situation

Jan 12
Here's Why We're Not Too Worried About Artemis Gold's (CVE:ARTG) Cash Burn Situation

What Type Of Shareholders Make Up Artemis Gold Inc.'s (CVE:ARTG) Share Registry?

Jan 20
What Type Of Shareholders Make Up Artemis Gold Inc.'s (CVE:ARTG) Share Registry?

Financial 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


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