Lake Victoria Gold Balance Sheet Health
Financial Health criteria checks 1/6
Lake Victoria Gold has a total shareholder equity of CA$4.9M and total debt of CA$475.0K, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are CA$6.2M and CA$1.3M respectively.
Key information
9.7%
Debt to equity ratio
CA$474.97k
Debt
Interest coverage ratio | n/a |
Cash | CA$9.50k |
Equity | CA$4.90m |
Total liabilities | CA$1.27m |
Total assets | CA$6.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LVG's short term assets (CA$330.7K) do not cover its short term liabilities (CA$921.8K).
Long Term Liabilities: LVG's short term assets (CA$330.7K) do not cover its long term liabilities (CA$352.9K).
Debt to Equity History and Analysis
Debt Level: LVG's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: LVG's debt to equity ratio has increased from 6.7% to 9.7% 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: LVG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LVG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 56.9% each year