Solstice Gold Balance Sheet Health
Financial Health criteria checks 3/6
Solstice Gold has a total shareholder equity of CA$722.6K and total debt of CA$40.0K, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are CA$883.8K and CA$161.3K respectively.
Key information
5.5%
Debt to equity ratio
CA$40.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$702.88k |
Equity | CA$722.56k |
Total liabilities | CA$161.28k |
Total assets | CA$883.84k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGC's short term assets (CA$883.8K) exceed its short term liabilities (CA$161.3K).
Long Term Liabilities: SGC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SGC has more cash than its total debt.
Reducing Debt: SGC's debt to equity ratio has increased from 0% to 5.5% 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: SGC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SGC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.3% each year