Golden Horse Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Golden Horse Minerals has a total shareholder equity of CA$8.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.1M and CA$1.6M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$894.54k
Equity	CA$8.51m
Total liabilities	CA$1.63m
Total assets	CA$10.14m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GHML's short term assets (CA$2.4M) exceed its short term liabilities (CA$1.6M).

Long Term Liabilities: GHML has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: GHML is debt free.

Reducing Debt: GHML currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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: GHML has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GHML is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.

Golden Horse Minerals Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Golden Horse Minerals to Delist from TSX Venture Exchange

Recent updates

Golden Horse Minerals to Delist from TSX Venture Exchange

Golden Horse Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 18 million.

Golden Horse Minerals Limited (TSXV:GHML) acquires Copperhead prospecting tenement located in Western Australia from Vernon Strange and Kym McClaren for AUD 0.32 million.

Less than half of directors are independent

Golden Horse Minerals Limited, Annual General Meeting, Nov 07, 2024

New major risk - Market cap size

New major risk - Financial position

New major risk - Revenue and earnings growth

Less than half of directors are independent

Golden Horse Minerals Limited Provides an Update on Its Ongoing Lithium Mapping and Sampling Program

New major risk - Shareholder dilution

Golden Horse Minerals Limited announced that it expects to receive CAD 1.8 million in funding

Less than half of directors are independent

Golden Horse Minerals Limited, Annual General Meeting, Dec 29, 2023

New major risk - Market cap size

Golden Horse Minerals Limited Appoints Paul Andre Huet as Non-Executive Director

Less than half of directors are independent

Golden Horse Minerals Limited, Annual General Meeting, Dec 07, 2023

Golden Horse Minerals Limited Appoints Martin Bouwmeester as Chief Financial Officer

Golden Horse Minerals Limited Appoints Martin Bouwmeester as Chief Financial Officer

Altan Rio Minerals Limited (TSXV:AMO) signed a conditional sale agreement to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.75 million.

Altan Rio Minerals Limited (TSXV:AMO) signed a conditional sale agreement to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.75 million.

Altan Rio Minerals Limited announced that it expects to receive CAD 0.6 million in funding

Less than half of directors are independent

Altan Rio Minerals Limited Announces Appointment of Josh Conner as Chief Operating Officer

Altan Rio Minerals Limited Announces Appointment of Josh Conner as Chief Operating Officer

Altan Rio Minerals Limited announced that it expects to receive AUD 1.7 million in funding from Rivet Mining Services Pty Ltd, Mostia Dion Nominees Pty Limited

Altan Rio Minerals Limited, Annual General Meeting, Feb 16, 2023

Less than half of directors are independent

Altan Rio Minerals Limited Announces Board Changes

Less than half of directors are independent

Less than half of directors are independent

Altan Rio Minerals Limited Announces Additional High Grade Mineralisation Reported from Pilot Deposit

Altan Rio Minerals Limited Announces Executive Changes

Altan Rio Minerals Limited announced that it expects to receive CAD 1.5 million in funding

Altan Rio Minerals Limited Announces 2022 RC Drilling Program Commences At the High-Grade Pilot Deposit

Altan Rio Minerals Limited Announces Pilot RC Drilling Program to Re-Commence At the High Grade Pilot Deposit

Altan Rio Minerals Limited Announces Results from the Phase 2 Drill Program at the Pilot Deposit in the Southern Cross Region of Western Australia

Diamond Drilling Completes At the Aries Gold Prospect

Altan Rio Minerals Limited Announces A Two-Hole Drilling Program Has Been Completed At the Aries Prospect Within the Southern Cross North Project

Altan Rio Minerals Limited Provides an Update on High Grade Gold Extensions Confirmation Below Historic Pilot Mine, Southern Cross Goldfields WA

Altan Rio Minerals Limited Provides Update on Pilot Project and Commencement of Drill Program

Altan Rio Minerals Limited announced that it expects to receive CAD 0.5 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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