Soma Gold Balance Sheet Health

Financial Health criteria checks 1/6

Soma Gold has a total shareholder equity of CA$11.3M and total debt of CA$33.5M, which brings its debt-to-equity ratio to 297.1%. Its total assets and total liabilities are CA$75.6M and CA$64.3M respectively. Soma Gold's EBIT is CA$13.1M making its interest coverage ratio 1.8. It has cash and short-term investments of CA$3.0M.

Key information

297.1%

Debt to equity ratio

CA$33.51m

Debt

Interest coverage ratio1.8x
CashCA$3.01m
EquityCA$11.28m
Total liabilitiesCA$64.30m
Total assetsCA$75.57m

Recent financial health updates

Recent updates

Investors Still Aren't Entirely Convinced By Soma Gold Corp.'s (CVE:SOMA) Revenues Despite 26% Price Jump

Oct 11
Investors Still Aren't Entirely Convinced By Soma Gold Corp.'s (CVE:SOMA) Revenues Despite 26% Price Jump

Soma Gold Corp.'s (CVE:SOMA) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Mar 24
Soma Gold Corp.'s (CVE:SOMA) Price Is Right But Growth Is Lacking After Shares Rocket 26%

There's Reason For Concern Over Soma Gold Corp.'s (CVE:SOMA) Price

Oct 15
There's Reason For Concern Over Soma Gold Corp.'s (CVE:SOMA) Price

Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden

Aug 12
Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden

Is Soma Gold (CVE:SOMA) A Risky Investment?

Mar 15
Is Soma Gold (CVE:SOMA) A Risky Investment?

Is Soma Gold (CVE:SOMA) A Risky Investment?

Nov 23
Is Soma Gold (CVE:SOMA) A Risky Investment?

Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden

Jun 24
Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden

Financial Position Analysis

Short Term Liabilities: SOMA's short term assets (CA$28.7M) exceed its short term liabilities (CA$18.0M).

Long Term Liabilities: SOMA's short term assets (CA$28.7M) do not cover its long term liabilities (CA$46.3M).


Debt to Equity History and Analysis

Debt Level: SOMA's net debt to equity ratio (270.4%) is considered high.

Reducing Debt: SOMA's debt to equity ratio has increased from 82% to 297.1% 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: Insufficient data to determine if SOMA has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SOMA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 06:11
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Soma Gold Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution