Allegiant Gold Balance Sheet Health
Financial Health criteria checks 6/6
Allegiant Gold has a total shareholder equity of CA$38.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$38.6M and CA$252.9K respectively. Allegiant Gold's EBIT is CA$4.9M making its interest coverage ratio -75.6. It has cash and short-term investments of CA$6.8M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -75.6x |
| Cash | CA$6.81m |
| Equity | CA$38.38m |
| Total liabilities | CA$252.95k |
| Total assets | CA$38.64m |
Financial Position Analysis
Short Term Liabilities: AUAU's short term assets (CA$6.9M) exceed its short term liabilities (CA$74.2K).
Long Term Liabilities: AUAU's short term assets (CA$6.9M) exceed its long term liabilities (CA$178.7K).
Debt to Equity History and Analysis
Debt Level: AUAU is debt free.
Reducing Debt: AUAU has no debt compared to 5 years ago when its debt to equity ratio was 6.2%.
Debt Coverage: AUAU has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AUAU has no debt, therefore coverage of interest payments is not a concern.