Goldshore Resources Balance Sheet Health
Financial Health criteria checks 5/6
Goldshore Resources has a total shareholder equity of CA$81.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$94.9M and CA$13.0M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.01m |
| Equity | CA$81.87m |
| Total liabilities | CA$13.02m |
| Total assets | CA$94.89m |
Financial Position Analysis
Short Term Liabilities: GSHR's short term assets (CA$4.4M) exceed its short term liabilities (CA$892.6K).
Long Term Liabilities: GSHR's short term assets (CA$4.4M) do not cover its long term liabilities (CA$12.1M).
Debt to Equity History and Analysis
Debt Level: GSHR is debt free.
Reducing Debt: GSHR has not had any debt for past 5 years.
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: GSHR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GSHR is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.