Visible Gold Mines Balance Sheet Health
Financial Health criteria checks 1/6
Visible Gold Mines has a total shareholder equity of CA$402.5K and total debt of CA$83.0K, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are CA$773.0K and CA$370.5K respectively.
Key information
20.6%
Debt to equity ratio
CA$82.97k
Debt
Interest coverage ratio | n/a |
Cash | CA$28.07k |
Equity | CA$402.46k |
Total liabilities | CA$370.55k |
Total assets | CA$773.00k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VGD's short term assets (CA$60.6K) do not cover its short term liabilities (CA$304.0K).
Long Term Liabilities: VGD's short term assets (CA$60.6K) do not cover its long term liabilities (CA$66.5K).
Debt to Equity History and Analysis
Debt Level: VGD's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: VGD's debt to equity ratio has increased from 0% to 20.6% 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: VGD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VGD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 7.5% each year