Goldgroup Mining Balance Sheet Health
Financial Health criteria checks 3/6
Goldgroup Mining has a total shareholder equity of $-6.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $7.5M and $14.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$733.00k |
| Equity | -US$6.69m |
| Total liabilities | US$14.22m |
| Total assets | US$7.52m |
Recent financial health updates
Is Goldgroup Mining (TSE:GGA) Using Debt Sensibly?
Feb 04
Is Goldgroup Mining (TSE:GGA) A Risky Investment?
Oct 22Recent updates
Goldgroup Mining Inc.'s (CVE:GGA) Shares Bounce 33% But Its Business Still Trails The Industry
Nov 02Goldgroup Mining Inc. (CVE:GGA) Stock Catapults 143% Though Its Price And Business Still Lag The Industry
Sep 01Is Goldgroup Mining (TSE:GGA) Using Debt Sensibly?
Feb 04Is Goldgroup Mining (TSE:GGA) A Risky Investment?
Oct 22A Look At The Fair Value Of Goldgroup Mining Inc. (TSE:GGA)
Aug 15Financial Position Analysis
Short Term Liabilities: GGA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GGA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GGA is debt free.
Reducing Debt: GGA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: GGA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GGA is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:06 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Goldgroup Mining Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Campbell | Canaccord Genuity |
| Adam Graf | Cowen Securities LLC |