Baru Gold Balance Sheet Health
Financial Health criteria checks 4/6
Baru Gold has a total shareholder equity of CA$2.0M and total debt of CA$2.5M, which brings its debt-to-equity ratio to 123.3%. Its total assets and total liabilities are CA$10.3M and CA$8.2M respectively.
Key information
123.3%
Debt to equity ratio
CA$2.52m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$61.73k |
| Equity | CA$2.04m |
| Total liabilities | CA$8.25m |
| Total assets | CA$10.29m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BARU's short term assets (CA$239.1K) do not cover its short term liabilities (CA$8.2M).
Long Term Liabilities: BARU has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BARU's net debt to equity ratio (120.2%) is considered high.
Reducing Debt: BARU had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: BARU has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BARU is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.