Gowest Gold Balance Sheet Health
Financial Health criteria checks 3/6
Gowest Gold has a total shareholder equity of CA$93.0M and total debt of CA$19.6M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are CA$118.4M and CA$25.4M respectively.
Key information
21.0%
Debt to equity ratio
CA$19.58m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.78m |
| Equity | CA$93.01m |
| Total liabilities | CA$25.36m |
| Total assets | CA$118.38m |
Recent financial health updates
Gowest Gold (CVE:GWA) Has Debt But No Earnings; Should You Worry?
Sep 26
Gowest Gold (CVE:GWA) Is Carrying A Fair Bit Of Debt
Mar 24Health Check: How Prudently Does Gowest Gold (CVE:GWA) Use Debt?
Nov 30Gowest Gold (CVE:GWA) Has Debt But No Earnings; Should You Worry?
Aug 16Is Gowest Gold (CVE:GWA) Using Too Much Debt?
Apr 29Is Gowest Gold (CVE:GWA) Using Too Much Debt?
Dec 21Recent updates
Gowest Gold (CVE:GWA) Has Debt But No Earnings; Should You Worry?
Sep 26Gowest Gold (CVE:GWA) Is Carrying A Fair Bit Of Debt
Mar 24Health Check: How Prudently Does Gowest Gold (CVE:GWA) Use Debt?
Nov 30Gowest Gold (CVE:GWA) Has Debt But No Earnings; Should You Worry?
Aug 16Is Gowest Gold (CVE:GWA) Using Too Much Debt?
Apr 29Is Gowest Gold (CVE:GWA) Using Too Much Debt?
Dec 21Is Gowest Gold (CVE:GWA) Weighed On By Its Debt Load?
Sep 02Who Has Been Buying Gowest Gold Ltd. (CVE:GWA) Shares?
Dec 15Financial Position Analysis
Short Term Liabilities: GWA's short term assets (CA$18.2M) exceed its short term liabilities (CA$7.1M).
Long Term Liabilities: GWA's short term assets (CA$18.2M) do not cover its long term liabilities (CA$18.3M).
Debt to Equity History and Analysis
Debt Level: GWA's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: GWA's debt to equity ratio has reduced from 48.1% to 21% over the 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: GWA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GWA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.2% each year