New Found Gold Balance Sheet Health
Financial Health criteria checks 4/6
New Found Gold has a total shareholder equity of CA$78.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$89.7M and CA$10.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$40.68m |
| Equity | CA$78.91m |
| Total liabilities | CA$10.76m |
| Total assets | CA$89.67m |
Financial Position Analysis
Short Term Liabilities: NFG's short term assets (CA$46.6M) exceed its short term liabilities (CA$10.7M).
Long Term Liabilities: NFG's short term assets (CA$46.6M) exceed its long term liabilities (CA$69.2K).
Debt to Equity History and Analysis
Debt Level: NFG is debt free.
Reducing Debt: NFG 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: NFG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NFG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.1% each year