Kobo Resources Balance Sheet Health

Financial Health criteria checks 5/6

Kobo Resources has a total shareholder equity of CA$3.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.3M and CA$527.8K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$3.88m
Equity	CA$3.73m
Total liabilities	CA$527.76k
Total assets	CA$4.26m

Recent financial health updates

Will Kobo Resources (CVE:KRI) Spend Its Cash Wisely?

Dec 23

Is Kobo Resources (CVE:KRI) In A Good Position To Invest In Growth?

Sep 08

Recent updates

Will Kobo Resources (CVE:KRI) Spend Its Cash Wisely?

Dec 23

Is Kobo Resources (CVE:KRI) In A Good Position To Invest In Growth?

Sep 08

Financial Position Analysis

Short Term Liabilities: KRI's short term assets (CA$4.1M) exceed its short term liabilities (CA$527.8K).

Long Term Liabilities: KRI has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: KRI is debt free.

Reducing Debt: KRI had no debt 5 years ago.

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: KRI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: KRI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.6% each year

Kobo Resources Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Will Kobo Resources (CVE:KRI) Spend Its Cash Wisely?

Is Kobo Resources (CVE:KRI) In A Good Position To Invest In Growth?

Recent updates

Kobo Resources Extends Highly Prospective Jagger Zone by 250 m South with Strong New Gold Intercepts, Including 7.0 M At 3.66 G/T Au and 4.0 M At 3.26 G/T Au

Kobo Resources Inc. Reports Strong Gold Intercepts At Jagger Zone

Kobo Resources Inc. Reports the First Results from Its Resume 2024 Diamond Drilling Program At the Kossou Gold Project

Kobo Resources Inc. Resumes Diamond Drilling at its 100%-Owned Kossou Gold Project with 10,000-Metre Program Focused on High-Potential Gold Targets

Kobo Resources Inc. Appoints Vivek Dharni as Director

Kobo Resources Inc. Reports Final Gold Assay Results from its Initial Diamond Drill Program

Kobo Resources Inc. Reports Significant Gold Intersections of 5.0 Metres at 4.30 g/t Au, including 1.0 Metre at 20.00 g/t Au and 2.0 Metres at 7.26 g/t Au at its Kossou Gold Project

Kobo Resources Inc. Reports Significant Gold Intersections At Its Kossou Gold Project with 9.0 Metres At 23.89 G/T Au, Including 1.0 Metre At 210.0 Metre At 4.27 G/T Au

Kobo Resources Inc. Reports Significant Gold Intersections At Its Kossou Gold Project with 9.0 Metres At 23.89 G/T Au, Including 1.0 Metre At 210.0 Metre At 4.27 G/T Au

Kobo Resources Inc., Annual General Meeting, Aug 29, 2024

Kobo Resources Inc. announced that it expects to receive CAD 7 million in funding

Kobo Resources Continues to Intersect High-Grade Gold Mineralisation At Its Kossou Gold Project with 19.0 Metres At 2.82 g/t Au, Including 3.7 Metres At 11.82 g/t Au

Kobo Resources Inc. Commences 2024 Diamond Drill Program at its 100%-Owned Kossou Gold Project

Kobo Resources Inc. Announces Board Changes

Insufficient new directors

Kobo Resources Discovers New High-Grade Mineralisation from Trenching At Its Kossou Gold Project, Including 8.56 G/T Au over 5 m and 2.76 G/T Au over 22 m; Strong Soil Geochemical Results of Up to 104 G/T Au At the Kadie Zone

Will Kobo Resources (CVE:KRI) Spend Its Cash Wisely?

Kobo Resources Inc. Supports the Structural Interpretation of Mineralisation at Kossou with Strong Gold Results of 2.67 g/t Au over 14 M and 1.68 g/t Au over 13 M at the Jagger Zone

Kobo Resources Inc. Supports the Structural Interpretation of Mineralisation at Kossou with Strong Gold Results of 2.67 g/t Au over 14 M and 1.68 g/t Au over 13 M at the Jagger Zone

New major risk - Financial position

Kobo Resources Inc. Reports Strong Gold Results from Trenching At Its Road Cut Zone with 47 M At 3.92 G/T Au and 33 M At 4.68 G/T Au; Structural Study Provides Greater Understanding of the Geology At Kossou Gold Project

Kobo Resources Inc. Confirms Significant Gold in Trenching At Its Kadie Zone with 2.27 G/T Au over 10 Metres and Elevates Target to Drill-Ready Status

Kobo Resources Inc. Reports New High-Grade Gold Intersections from Initial Trenching at its Kadie Zone with 5.16 g/t Au over 11 Metres, Including 12.92 g/t Au over 4 Metres

Is Kobo Resources (CVE:KRI) In A Good Position To Invest In Growth?

Kobo Resources Inc. Completes Initial Drilling at its Kossou Gold Project Located in Cote D'ivoire, West Africa

Kobo Resources Inc. Announces Drill Results from the First 11 Drill Holes as Part of Its Ongoing 8,000 Metre Reverse Circulation Drilling Program At the 100% Owned Kossou Gold Project Located in Cote d'Ivoire, West Africa

Kobo Resources Begins 2023 Drill Program At Its 100%-Owned Kossou Gold Project

Less than half of directors are independent

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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