West Red Lake Gold Mines Balance Sheet Health
Financial Health criteria checks 5/6
West Red Lake Gold Mines has a total shareholder equity of CA$66.0M and total debt of CA$7.5M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are CA$98.0M and CA$32.0M respectively.
Key information
11.4%
Debt to equity ratio
CA$7.52m
Debt
Interest coverage ratio | n/a |
Cash | CA$16.31m |
Equity | CA$66.03m |
Total liabilities | CA$31.98m |
Total assets | CA$98.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WRLG's short term assets (CA$19.2M) exceed its short term liabilities (CA$13.1M).
Long Term Liabilities: WRLG's short term assets (CA$19.2M) exceed its long term liabilities (CA$18.9M).
Debt to Equity History and Analysis
Debt Level: WRLG has more cash than its total debt.
Reducing Debt: WRLG's debt to equity ratio has increased from 0% to 11.4% 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: WRLG has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WRLG is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.