Goldflare Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Goldflare Exploration has a total shareholder equity of CA$3.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.6M and CA$100.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$114.68k |
| Equity | CA$3.53m |
| Total liabilities | CA$100.69k |
| Total assets | CA$3.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOFL's short term assets (CA$147.3K) exceed its short term liabilities (CA$100.7K).
Long Term Liabilities: GOFL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GOFL is debt free.
Reducing Debt: GOFL has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.
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: GOFL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GOFL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.9% each year