Lode Gold Resources Balance Sheet Health
Financial Health criteria checks 3/6
Lode Gold Resources has a total shareholder equity of CA$21.6M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are CA$26.5M and CA$4.9M respectively.
Key information
15.9%
Debt to equity ratio
CA$3.44m
Debt
Interest coverage ratio | n/a |
Cash | CA$71.86k |
Equity | CA$21.57m |
Total liabilities | CA$4.94m |
Total assets | CA$26.51m |
Recent financial health updates
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Dec 22Stratabound Minerals (CVE:SB) Has Debt But No Earnings; Should You Worry?
Sep 08Stratabound Minerals (CVE:SB) Is Carrying A Fair Bit Of Debt
Oct 24Stratabound Minerals (CVE:SB) Is Carrying A Fair Bit Of Debt
Jul 07Stratabound Minerals (CVE:SB) Has Debt But No Earnings; Should You Worry?
Mar 14Is Stratabound Minerals (CVE:SB) Using Too Much Debt?
Nov 26Recent updates
Stratabound Minerals (CVE:SB) Has Debt But No Earnings; Should You Worry?
Dec 22Stratabound Minerals (CVE:SB) Has Debt But No Earnings; Should You Worry?
Sep 08Stratabound Minerals (CVE:SB) Is Carrying A Fair Bit Of Debt
Oct 24Stratabound Minerals (CVE:SB) Is Carrying A Fair Bit Of Debt
Jul 07Stratabound Minerals (CVE:SB) Has Debt But No Earnings; Should You Worry?
Mar 14Is Stratabound Minerals (CVE:SB) Using Too Much Debt?
Nov 26Financial Position Analysis
Short Term Liabilities: LOD's short term assets (CA$264.7K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: LOD's short term assets (CA$264.7K) do not cover its long term liabilities (CA$3.4M).
Debt to Equity History and Analysis
Debt Level: LOD's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: LOD's debt to equity ratio has increased from 5.1% to 15.9% 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: LOD has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LOD is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.