Goldgroup Mining Balance Sheet Health
Financial Health criteria checks 2/6
Goldgroup Mining has a total shareholder equity of $-5.9M and total debt of $95.0K, which brings its debt-to-equity ratio to -1.6%. Its total assets and total liabilities are $8.4M and $14.3M respectively.
Key information
-1.6%
Debt to equity ratio
US$95.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$686.00k |
| Equity | -US$5.86m |
| Total liabilities | US$14.28m |
| Total assets | US$8.42m |
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 has negative shareholder equity, which is a more serious situation than a high debt level.
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 3 months based on last reported free cash flow, but has since raised additional capital.
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.