Cerrado Gold Balance Sheet Health
Financial Health criteria checks 1/6
Cerrado Gold has a total shareholder equity of $13.3M and total debt of $56.0M, which brings its debt-to-equity ratio to 420.6%. Its total assets and total liabilities are $237.8M and $224.5M respectively.
Key information
420.6%
Debt to equity ratio
US$56.03m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.37m |
| Equity | US$13.32m |
| Total liabilities | US$224.52m |
| Total assets | US$237.84m |
Recent financial health updates
No updates
Recent updates
Cerrado Gold Inc. (CVE:CERT) Shares Fly 29% But Investors Aren't Buying For Growth
Oct 12
Insufficient Growth At Cerrado Gold Inc. (CVE:CERT) Hampers Share Price
Aug 13A Piece Of The Puzzle Missing From Cerrado Gold Inc.'s (CVE:CERT) 37% Share Price Climb
Apr 05Cerrado Gold Inc. (CVE:CERT) Surges 26% Yet Its Low P/S Is No Reason For Excitement
Apr 19Cerrado Gold's (CVE:CERT) Returns On Capital Are Heading Higher
Mar 10We Like These Underlying Return On Capital Trends At Cerrado Gold (CVE:CERT)
Aug 08Cerrado Gold's (CVE:CERT) Solid Profits Have Weak Fundamentals
Jun 07Financial Position Analysis
Short Term Liabilities: CERT's short term assets ($89.4M) do not cover its short term liabilities ($148.5M).
Long Term Liabilities: CERT's short term assets ($89.4M) exceed its long term liabilities ($76.0M).
Debt to Equity History and Analysis
Debt Level: CERT's net debt to equity ratio (395.3%) is considered high.
Reducing Debt: CERT's debt to equity ratio has increased from 4.6% to 420.6% 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: CERT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CERT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.2% each year