Golden Ridge Resources Balance Sheet Health
Financial Health criteria checks 6/6
Golden Ridge Resources has a total shareholder equity of CA$6.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.3M and CA$124.6K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$2.87m |
Equity | CA$6.14m |
Total liabilities | CA$124.61k |
Total assets | CA$6.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLDN's short term assets (CA$2.9M) exceed its short term liabilities (CA$124.6K).
Long Term Liabilities: GLDN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLDN is debt free.
Reducing Debt: GLDN had no debt 5 years ago.
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: GLDN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GLDN has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 20.6% each year.