Lavras Gold Balance Sheet Health
Financial Health criteria checks 6/6
Lavras Gold has a total shareholder equity of CA$26.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$27.5M and CA$773.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$11.05m |
Equity | CA$26.75m |
Total liabilities | CA$773.92k |
Total assets | CA$27.53m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LGC's short term assets (CA$11.2M) exceed its short term liabilities (CA$619.5K).
Long Term Liabilities: LGC's short term assets (CA$11.2M) exceed its long term liabilities (CA$154.4K).
Debt to Equity History and Analysis
Debt Level: LGC is debt free.
Reducing Debt: LGC 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: LGC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LGC has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 40.6% each year.