Gold Bull Resources Balance Sheet Health

Financial Health criteria checks 4/6

Gold Bull Resources has a total shareholder equity of CA$11.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$11.7M and CA$112.5K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$937.98k
Equity	CA$11.63m
Total liabilities	CA$112.49k
Total assets	CA$11.74m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GBRC's short term assets (CA$997.8K) exceed its short term liabilities (CA$112.5K).

Long Term Liabilities: GBRC has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: GBRC is debt free.

Reducing Debt: GBRC has no debt compared to 5 years ago when its debt to equity ratio was 9.2%.

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: GBRC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GBRC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14% each year

Gold Bull Resources Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

Gold Bull Resources Corp. Reports Results of Ongoing Exploration Targeting Field Work Completed At Its Sandman Project, Located in Nevada, Usa

Gold Bull Resources Corp. Provides Sandman Update

New major risk - Financial position

New major risk - Share price stability

Gold Bull Resources Corp. announced that it has received CAD 1.360283 million in funding

Gold Bull Resources Corp. announced that it expects to receive CAD 1 million in funding

Insufficient new directors

Gold Bull Resources Corp., Annual General Meeting, Mar 25, 2024

Gold Bull Resources Corp. Confirms Successful Surface Soil Gas Survey At Sandman

Gold Bull Resources Corp. Reports Success of Its Field Spectrometer Analysis At Sandman, Located Near Winnemucca in Nevada, USA

Gold Bull Resources Corp., Annual General Meeting, Feb 21, 2023

High number of new and inexperienced directors

Gold Bull's Sandman Project Scoping Study Points to Near-Term Production Potential

Gold Bull Resources Corp. Reports Completion of the 2022 Drill Program with All Gold Assays Received from Its 100% Owned Sandman Project

Gold Bull Resources Corp. Reports Excellent Reverse Circulation Drill Results from Its 100% Owned Sandman Project, Located in Humboldt County, Nevada USA

Gold Bull Resources Corp. Intersects 83.8M At 1.5 G/T Au from Surface, Including 3M At 14.67G/T Au, Defining Significant Extension of Higher-Grade Oxide Zone Within the Silica Ridge Deposit At Sandman

Raiden Resources Limited (ASX:RDN) acquired Zelenrok Eood from Gold Bull Resources Corp. (TSXV:GBRC) for 2 million.

Gold Bull Resources Corp. Drilling Defines Eastern Extension At North Hill and Extends Abel Knoll Mineralization Outside Mineral Resource Estimate

High number of new and inexperienced directors

Gold Bull Resources Corp. Announces Significant Drill Intersection of 51.8M (170 Ft) At 1.12 G/T Au from 22.9M (72 Ft) from its 100% Owned Sandman Project

Gold Bull Resources Corp. Drilling Intersects High Grade Gold Mineralization At Sandman

Gold Bull Resources Corp Reports Extensions to the Lag Geochemical Sampling Program in the Windmill Target Area and West of the North Hill

Gold Bull Resources Corp. Surface Sampling Defines New Drill Target At Sandman

Gold Bull Resources Corp. Announces Management Changes

Gold Bull 3D Modeling of Ground Geophysics at Sandman Confirms Robust New Drill Targets a North Hill and Silica Ridge

Gold Bull Resources Corp. Announces 3D Modelling Yields New Compelling Drill Targets at Sandman

Gold Bull Resources Corp. announced that it has received CAD 6.1405 million in funding

Gold Bull Reports Sandman Drill Holes At North Hill and Silica Ridge Intersect Gold Mineralization Outside of Current Resource

Gold Bull Resources Corp. Commences 5000m Exploration and Resource Extension Drill Program At Sandman Following on from Phase 1 Success

Gold Bull Resources Corp. Reports Re-Assay Results of RC Drill Samples

Gold Bull Observes Visible Gold in RC Drill Chips from Drill Holes Located Outside Known Resource At Sandman, Nevada

Gold Bull Resources Corp. Announce Initial Surface and Underground Sampling from Sandman Projecs

New 90-day low: CA$0.39

Gold Bull Resources Corp. Commences Drilling At Sandman

Gold Bull Resources Corp. Announces Sandman Drill Program Details – Phase 1

Gold Bull Resources Corp. Appoints Mr. Mike Cowin to the Board of Directors

Gold Bull Resources Corp. Announces 3D IP Survey Defines New Drill Targets At Sandman

Gold Bull Resources Corp. (TSXV:GBRC) acquired Coyote Project from Desert Mountain Gold LLC for $ 0.05 million.

New 90-day low: CA$0.42

Gold Bull Resources Corp. Announces Executive Promotions

Gold Bull Resources Corp. Announces Executive Changes

Gold Bull Resources Corp. (TSXV:GBRC) completed the acquisition of Big Balds Gold project.

Gold Bull Resources Corp., Annual General Meeting, Jan 20, 2021

New 90-day high: CA$0.70

Gold Bull Resources Corp. announced that it expects to receive CAD 10 million in funding

Gold Bull Resources Corp. Provides Update on Sandman Project in Nevada

Gold Bull Resources Corp. Appoints Robbie Anderson to Its Geology Team

Gold Bull Resources Corp. Announces the Results from the Initial Exploration Reconnaissance Sampling Program At Its 100%-Option to Acquire Coyote Property Located in Juab County, Western Utah USA

Gold Bull Resources Corp. Appoints Lindsay Craig as Exploration Manager

Gold Bull Resources Corp. Announces Appointment of Walter Coles to the Board of Directors

New 90-day high: CA$0.57

QX Metals Corp. (TSXV:QX) entered into share purchase agreement to acquire Big Balds Gold project for $1.9 million.

New 90-day high - CA$0.42

QX Metals Corp. announced that it has received CAD 0.1 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

Discover healthy companies