Cerrado Gold Balance Sheet Health
Financial Health criteria checks 2/6
Cerrado Gold has a total shareholder equity of $19.9M and total debt of $52.6M, which brings its debt-to-equity ratio to 264%. Its total assets and total liabilities are $249.7M and $229.8M respectively. Cerrado Gold's EBIT is $9.2M making its interest coverage ratio 3.5. It has cash and short-term investments of $11.6M.
Key information
264.0%
Debt to equity ratio
US$52.60m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$11.59m |
| Equity | US$19.93m |
| Total liabilities | US$229.75m |
| Total assets | US$249.68m |
Recent financial health updates
No updates
Recent updates
A Piece Of The Puzzle Missing From Cerrado Gold Inc.'s (CVE:CERT) 37% Share Price Climb
Apr 05
Cerrado 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 ($94.9M) do not cover its short term liabilities ($153.3M).
Long Term Liabilities: CERT's short term assets ($94.9M) exceed its long term liabilities ($76.5M).
Debt to Equity History and Analysis
Debt Level: CERT's net debt to equity ratio (205.9%) is considered high.
Reducing Debt: CERT's debt to equity ratio has increased from 1.6% to 264% 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 sufficient cash runway for more than a year 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 31.6% each year