Scorpio Gold Balance Sheet Health
Financial Health criteria checks 2/6
Scorpio Gold has a total shareholder equity of $2.8M and total debt of $4.5M, which brings its debt-to-equity ratio to 161.3%. Its total assets and total liabilities are $14.7M and $11.9M respectively.
Key information
161.3%
Debt to equity ratio
US$4.47m
Debt
| Interest coverage ratio | n/a |
| Cash | US$294.85k |
| Equity | US$2.77m |
| Total liabilities | US$11.92m |
| Total assets | US$14.69m |
Financial Position Analysis
Short Term Liabilities: SGN's short term assets ($665.7K) do not cover its short term liabilities ($6.3M).
Long Term Liabilities: SGN's short term assets ($665.7K) do not cover its long term liabilities ($5.6M).
Debt to Equity History and Analysis
Debt Level: SGN's net debt to equity ratio (150.7%) is considered high.
Reducing Debt: SGN's debt to equity ratio has increased from 122.4% to 161.3% 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: SGN has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SGN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.