QcX Gold Balance Sheet Health

Financial Health criteria checks 3/6

QcX Gold has a total shareholder equity of CA$4.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.1M and CA$101.8K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$7.85k
Equity	CA$4.05m
Total liabilities	CA$101.82k
Total assets	CA$4.15m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: QCX's short term assets (CA$28.7K) do not cover its short term liabilities (CA$101.8K).

Long Term Liabilities: QCX has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: QCX is debt free.

Reducing Debt: QCX currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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: QCX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: QCX has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.7% each year.

QcX Gold Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Recent updates

QcX Gold Corp., Annual General Meeting, Jul 30, 2024

New minor risk - Shareholder dilution

QcX Gold Corp. announced that it has received CAD 0.49 million in funding

QcX Gold Corp. announced that it has received CAD 0.49 million in funding

Insufficient new directors

QcX Gold Corp. Gold Identifies Lithium Potential on Golden Giant Project, James Bay Quebec

Insufficient new directors

QcX Gold Corp. to Complete Surface Exploration Program At Golden Giant, James Bay, Québec

High number of new and inexperienced directors

Qcx Gold Corp. Announces Assay Results from Its Maiden Drill Program At the Golden Giant Project in James Bay

QcX Gold Identifies 18 Gold Targets on Fernet West Block, Proximal to the Fenelon Gold Camp

QcX Gold Corp. Commences Drilling At Golden Giant, James Bay, Québec and Outlines Program

QcX Gold Corp. Secures Diamond Drill Rig for Inaugural Drill Program At Golden Giant, James Bay

QcX Gold Corp. Completes High-Resolution Magnetic Geophysical Survey Across the Golden Giant Project and the West Block of the Fernet Project

QcX Gold Corp. to Conduct High Resolution Magnetic Survey on Golden Giant Project and Fernet West Block, Québec

QcX Gold Corp. announced that it has received CAD 0.7602 million in funding

Qcx Gold Corp. Announces Results from Its Phase 2 Exploration Program on Its 100% Owned Golden Giant West Project

QcX Gold Reports up to 4.6 g/t Au from Golden Giant East Block

QcX Gold Inc. Appoints Aaron Stone as Vice President, Exploration

New 90-day low: CA$0.30

QcX Gold Corp. Announces Results from Phase 1 Exploration Program on its Golden Giant West Project

QcX Gold Discovers Kilometric Anomalous Gold Trend During Phase 1 Work Program on Golden Giant East, Quebec

QcX Gold Corp. (TSXV:QCX) entered into an agreement to acquire Kali Project in James Bay, Quebec from Harfang Exploration Inc. (TSXV:HAR) for CAD 0.67 million.

QcX Gold Corp. announced that it has received $2 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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