Canadian Gold Balance Sheet Health
Financial Health criteria checks 5/6
Canadian Gold has a total shareholder equity of CA$7.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.2M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$805.19k |
Equity | CA$7.80m |
Total liabilities | CA$1.43m |
Total assets | CA$9.23m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CGC's short term assets (CA$877.6K) exceed its short term liabilities (CA$284.0K).
Long Term Liabilities: CGC's short term assets (CA$877.6K) do not cover its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: CGC is debt free.
Reducing Debt: CGC has not had any debt for 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: CGC has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CGC is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.