Western Gold Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Western Gold Exploration has a total shareholder equity of CA$1.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.1M and CA$11.6K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$582.40k |
| Equity | CA$1.13m |
| Total liabilities | CA$11.61k |
| Total assets | CA$1.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WGLD's short term assets (CA$584.8K) exceed its short term liabilities (CA$11.6K).
Long Term Liabilities: WGLD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: WGLD is debt free.
Reducing Debt: WGLD has no debt compared to 5 years ago when its debt to equity ratio was 9%.
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: WGLD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WGLD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.8% each year