Goldcliff Resource Balance Sheet Health
Financial Health criteria checks 2/6
Goldcliff Resource has a total shareholder equity of CA$581.3K and total debt of CA$345.0K, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are CA$972.2K and CA$390.9K respectively.
Key information
59.3%
Debt to equity ratio
CA$345.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$89.14k |
Equity | CA$581.31k |
Total liabilities | CA$390.93k |
Total assets | CA$972.24k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCN's short term assets (CA$93.6K) do not cover its short term liabilities (CA$390.9K).
Long Term Liabilities: GCN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GCN's net debt to equity ratio (44%) is considered high.
Reducing Debt: GCN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GCN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.6% each year