Norse Gold Balance Sheet Health
Financial Health criteria checks 2/6
Norse Gold has a total shareholder equity of CA$745.2K and total debt of CA$173.8K, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are CA$984.8K and CA$239.6K respectively.
Key information
23.3%
Debt to equity ratio
CA$173.80k
Debt
Interest coverage ratio | n/a |
Cash | CA$3.97k |
Equity | CA$745.25k |
Total liabilities | CA$239.60k |
Total assets | CA$984.85k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VKG.H's short term assets (CA$4.1K) do not cover its short term liabilities (CA$239.6K).
Long Term Liabilities: VKG.H has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VKG.H's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: VKG.H's debt to equity ratio has increased from 6.9% to 23.3% 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: VKG.H has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VKG.H has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.7% each year.