International Iconic Gold Exploration Balance Sheet Health
Financial Health criteria checks 1/6
International Iconic Gold Exploration has a total shareholder equity of CA$6.9M and total debt of CA$3.1M, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are CA$13.4M and CA$6.6M respectively.
Key information
44.6%
Debt to equity ratio
CA$3.07m
Debt
Interest coverage ratio | n/a |
Cash | CA$19.45k |
Equity | CA$6.87m |
Total liabilities | CA$6.58m |
Total assets | CA$13.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICON's short term assets (CA$1.1M) do not cover its short term liabilities (CA$5.6M).
Long Term Liabilities: ICON's short term assets (CA$1.1M) exceed its long term liabilities (CA$1,000.0K).
Debt to Equity History and Analysis
Debt Level: ICON's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: ICON's debt to equity ratio has increased from 1.5% to 44.6% over the past 5 years.
Debt Coverage: ICON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ICON's interest payments on its debt are well covered by EBIT.