Golconda Gold Balance Sheet Health
Financial Health criteria checks 2/6
Golconda Gold has a total shareholder equity of $29.4M and total debt of $4.5M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are $46.0M and $16.5M respectively.
Key information
15.3%
Debt to equity ratio
US$4.51m
Debt
| Interest coverage ratio | n/a |
| Cash | US$508.22k |
| Equity | US$29.45m |
| Total liabilities | US$16.54m |
| Total assets | US$45.98m |
Recent financial health updates
Is Golconda Gold (CVE:GG) Weighed On By Its Debt Load?
Oct 23
Is Golconda Gold (CVE:GG) A Risky Investment?
Mar 05Health Check: How Prudently Does Golconda Gold (CVE:GG) Use Debt?
Nov 15Golconda Gold (CVE:GG) Has Debt But No Earnings; Should You Worry?
Aug 02Golconda Gold (CVE:GG) Is Carrying A Fair Bit Of Debt
Dec 16Here's Why Galane Gold (CVE:GG) Can Manage Its Debt Responsibly
Mar 02Recent updates
Improved Revenues Required Before Golconda Gold Ltd. (CVE:GG) Stock's 27% Jump Looks Justified
Oct 27Is Golconda Gold (CVE:GG) Weighed On By Its Debt Load?
Oct 23Little Excitement Around Golconda Gold Ltd.'s (CVE:GG) Revenues
Aug 28Shareholders Will Probably Hold Off On Increasing Golconda Gold Ltd.'s (CVE:GG) CEO Compensation For The Time Being
May 31Golconda Gold Ltd. (CVE:GG) Shares Fly 30% But Investors Aren't Buying For Growth
Mar 16Is Golconda Gold (CVE:GG) A Risky Investment?
Mar 05Lacklustre Performance Is Driving Golconda Gold Ltd.'s (CVE:GG) Low P/S
Jan 07Health Check: How Prudently Does Golconda Gold (CVE:GG) Use Debt?
Nov 15Golconda Gold (CVE:GG) Has Debt But No Earnings; Should You Worry?
Aug 02Golconda Gold (CVE:GG) Is Carrying A Fair Bit Of Debt
Dec 16Here's Why Galane Gold (CVE:GG) Can Manage Its Debt Responsibly
Mar 02Is Galane Gold (CVE:GG) A Risky Investment?
Oct 28Statutory Earnings May Not Be The Best Way To Understand Galane Gold's (CVE:GG) True Position
Sep 03Galane Gold Ltd.'s (CVE:GG) About To Shift From Loss To Profit
Mar 02Did The Underlying Business Drive Galane Gold's (CVE:GG) Lovely 520% Share Price Gain?
Feb 01Is Galane Gold (CVE:GG) Using Too Much Debt?
Dec 28Financial Position Analysis
Short Term Liabilities: GG's short term assets ($3.0M) do not cover its short term liabilities ($9.4M).
Long Term Liabilities: GG's short term assets ($3.0M) do not cover its long term liabilities ($7.1M).
Debt to Equity History and Analysis
Debt Level: GG's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: GG's debt to equity ratio has reduced from 134.3% to 15.3% 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: GG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.9% each year