Elevation Gold Mining Corporation

TSXV:ELVT Stock Report

Market Cap: CA$9.0m

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

127.9%

Debt to equity ratio

US$37.76m

Debt

Interest coverage ration/a
CashUS$325.00k
EquityUS$29.52m
Total liabilitiesUS$77.72m
Total assetsUS$107.24m

Recent financial health updates

Recent updates

Elevation Gold Mining Corporation (CVE:ELVT) Stock Catapults 60% Though Its Price And Business Still Lag The Industry

May 05
Elevation Gold Mining Corporation (CVE:ELVT) Stock Catapults 60% Though Its Price And Business Still Lag The Industry

Investors Aren't Buying Elevation Gold Mining Corporation's (CVE:ELVT) Revenues

Mar 04
Investors Aren't Buying Elevation Gold Mining Corporation's (CVE:ELVT) Revenues

Weak Statutory Earnings May Not Tell The Whole Story For Elevation Gold Mining (CVE:ELVT)

May 10
Weak Statutory Earnings May Not Tell The Whole Story For Elevation Gold Mining (CVE:ELVT)

We Think Elevation Gold Mining (CVE:ELVT) Is Taking Some Risk With Its Debt

Feb 18
We Think Elevation Gold Mining (CVE:ELVT) Is Taking Some Risk With Its Debt

Is Elevation Gold Mining (CVE:ELVT) Using Too Much Debt?

Nov 03
Is Elevation Gold Mining (CVE:ELVT) Using Too Much Debt?

Estimating The Intrinsic Value Of Northern Vertex Mining Corp. (CVE:NEE)

Jun 18
Estimating The Intrinsic Value Of Northern Vertex Mining Corp. (CVE:NEE)

Is Northern Vertex Mining (CVE:NEE) A Risky Investment?

May 14
Is Northern Vertex Mining (CVE:NEE) A Risky Investment?

Northern Vertex Mining (CVE:NEE) Seems To Use Debt Quite Sensibly

Jan 28
Northern Vertex Mining (CVE:NEE) Seems To Use Debt Quite Sensibly

The Northern Vertex Mining (CVE:NEE) Share Price Is Up 105% And Shareholders Are Boasting About It

Jul 19
The Northern Vertex Mining (CVE:NEE) Share Price Is Up 105% And Shareholders Are Boasting About It

Financial Position Analysis

Short Term Liabilities: ELVT's short term assets ($34.3M) exceed its short term liabilities ($32.4M).

Long Term Liabilities: ELVT's short term assets ($34.3M) do not cover its long term liabilities ($45.4M).


Debt to Equity History and Analysis

Debt Level: ELVT's net debt to equity ratio (126.8%) is considered high.

Reducing Debt: ELVT'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 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 8.3% each year.


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