Highway 50 Gold Balance Sheet Health
Financial Health criteria checks 1/6
Highway 50 Gold has a total shareholder equity of CA$766.6K and total debt of CA$394.4K, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are CA$1.2M and CA$477.3K respectively.
Key information
51.4%
Debt to equity ratio
CA$394.37k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$60.92k |
| Equity | CA$766.59k |
| Total liabilities | CA$477.25k |
| Total assets | CA$1.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HWY's short term assets (CA$76.4K) do not cover its short term liabilities (CA$426.8K).
Long Term Liabilities: HWY's short term assets (CA$76.4K) exceed its long term liabilities (CA$50.5K).
Debt to Equity History and Analysis
Debt Level: HWY's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: HWY's debt to equity ratio has increased from 0% to 51.4% 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: HWY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HWY has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.2% each year.