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Elevation Gold Mining Balance Sheet Health
Financial Health criteria checks 1/6
Elevation Gold Mining has a total shareholder equity of $29.5M and total debt of $37.8M, which brings its debt-to-equity ratio to 127.9%. Its total assets and total liabilities are $107.2M and $77.7M respectively.
Key information
127.91%
Debt to equity ratio
US$37.76m
Debt
| Interest coverage ratio | n/a |
| Cash | US$325.00k |
| Equity | US$29.52m |
| Total liabilities | US$77.72m |
| Total assets | US$107.24m |
Recent financial health updates
We Think Elevation Gold Mining (CVE:ELVT) Is Taking Some Risk With Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is Elevation Gold Mining (CVE:ELVT) Using Too Much Debt?
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Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Northern Vertex Mining (CVE:NEE) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent updates
Financial Position Analysis
Short Term Liabilities: ELVT.H's short term assets ($34.3M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: ELVT.H's short term assets ($34.3M) do not cover its long term liabilities ($45.4M).
Debt to Equity History and Analysis
Debt Level: ELVT.H's net debt to equity ratio (126.8%) is considered high.
Reducing Debt: ELVT.H's debt to equity ratio has increased from 25.8% to 127.9% 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: ELVT.H has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELVT.H has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.3% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/26 11:24 |
| End of Day Share Price | 2024/07/29 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Elevation Gold Mining Corporation is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Terentiew | Stifel Canada |
| null null | Stifel Canada |