Goldcliff Resource Balance Sheet Health
Financial Health criteria checks 3/6
Goldcliff Resource has a total shareholder equity of CA$571.9K and total debt of CA$445.0K, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are CA$1.1M and CA$480.3K respectively.
Key information
77.8%
Debt to equity ratio
CA$445.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$78.29k |
| Equity | CA$571.92k |
| Total liabilities | CA$480.33k |
| Total assets | CA$1.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCN's short term assets (CA$83.6K) do not cover its short term liabilities (CA$480.3K).
Long Term Liabilities: GCN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GCN's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: GCN's debt to equity ratio has increased from 0% to 77.8% 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: GCN has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GCN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.