Elevation Gold Mining Balance Sheet Health
Financial Health criteria checks 1/6
Elevation Gold Mining has a total shareholder equity of $33.6M and total debt of $30.3M, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are $106.8M and $73.2M respectively.
Key information
90.4%
Debt to equity ratio
US$30.34m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.47m |
| Equity | US$33.56m |
| Total liabilities | US$73.21m |
| Total assets | US$106.76m |
Recent financial health updates
We Think Elevation Gold Mining (CVE:ELVT) Is Taking Some Risk With Its Debt
Feb 18
Is Elevation Gold Mining (CVE:ELVT) Using Too Much Debt?
Nov 03Is Northern Vertex Mining (CVE:NEE) A Risky Investment?
May 14Northern Vertex Mining (CVE:NEE) Seems To Use Debt Quite Sensibly
Jan 28
Recent updates
Investors Aren't Buying Elevation Gold Mining Corporation's (CVE:ELVT) Revenues
Mar 04Weak Statutory Earnings May Not Tell The Whole Story For Elevation Gold Mining (CVE:ELVT)
May 10We Think Elevation Gold Mining (CVE:ELVT) Is Taking Some Risk With Its Debt
Feb 18Is Elevation Gold Mining (CVE:ELVT) Using Too Much Debt?
Nov 03Estimating The Intrinsic Value Of Northern Vertex Mining Corp. (CVE:NEE)
Jun 18Is Northern Vertex Mining (CVE:NEE) A Risky Investment?
May 14Northern Vertex Mining (CVE:NEE) Seems To Use Debt Quite Sensibly
Jan 28The Northern Vertex Mining (CVE:NEE) Share Price Is Up 105% And Shareholders Are Boasting About It
Jul 19Financial Position Analysis
Short Term Liabilities: ELVT's short term assets ($34.4M) exceed its short term liabilities ($28.1M).
Long Term Liabilities: ELVT's short term assets ($34.4M) do not cover its long term liabilities ($45.1M).
Debt to Equity History and Analysis
Debt Level: ELVT's net debt to equity ratio (86%) is considered high.
Reducing Debt: ELVT's debt to equity ratio has increased from 25.8% to 90.4% 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 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELVT has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.1% each year.