Soma Gold Balance Sheet Health
Financial Health criteria checks 3/6
Soma Gold has a total shareholder equity of CA$18.8M and total debt of CA$30.2M, which brings its debt-to-equity ratio to 160.3%. Its total assets and total liabilities are CA$77.7M and CA$58.9M respectively. Soma Gold's EBIT is CA$20.3M making its interest coverage ratio 3.5. It has cash and short-term investments of CA$3.0M.
Key information
160.3%
Debt to equity ratio
CA$30.18m
Debt
Interest coverage ratio | 3.5x |
Cash | CA$3.04m |
Equity | CA$18.83m |
Total liabilities | CA$58.86m |
Total assets | CA$77.69m |
Recent financial health updates
Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden
Aug 12Is Soma Gold (CVE:SOMA) A Risky Investment?
Mar 15Is Soma Gold (CVE:SOMA) A Risky Investment?
Nov 23Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden
Jun 24Recent updates
Soma Gold Corp.'s (CVE:SOMA) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 24There's Reason For Concern Over Soma Gold Corp.'s (CVE:SOMA) Price
Oct 15Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden
Aug 12Is Soma Gold (CVE:SOMA) A Risky Investment?
Mar 15Is Soma Gold (CVE:SOMA) A Risky Investment?
Nov 23Here's Why Soma Gold (CVE:SOMA) Has A Meaningful Debt Burden
Jun 24Financial Position Analysis
Short Term Liabilities: SOMA's short term assets (CA$28.0M) exceed its short term liabilities (CA$21.8M).
Long Term Liabilities: SOMA's short term assets (CA$28.0M) do not cover its long term liabilities (CA$37.1M).
Debt to Equity History and Analysis
Debt Level: SOMA's net debt to equity ratio (144.2%) is considered high.
Reducing Debt: SOMA's debt to equity ratio has increased from 87.9% to 160.3% over the past 5 years.
Debt Coverage: SOMA's debt is well covered by operating cash flow (70.3%).
Interest Coverage: SOMA's interest payments on its debt are well covered by EBIT (3.5x coverage).