Argo Balance Sheet Health
Financial Health criteria checks 1/6
Argo has a total shareholder equity of CA$772.9K and total debt of CA$2.7M, which brings its debt-to-equity ratio to 349.1%. Its total assets and total liabilities are CA$23.4M and CA$22.6M respectively.
Key information
349.1%
Debt to equity ratio
CA$2.70m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$702.24k |
| Equity | CA$772.86k |
| Total liabilities | CA$22.59m |
| Total assets | CA$23.36m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARGH's short term assets (CA$1.3M) do not cover its short term liabilities (CA$14.1M).
Long Term Liabilities: ARGH's short term assets (CA$1.3M) do not cover its long term liabilities (CA$8.5M).
Debt to Equity History and Analysis
Debt Level: ARGH's net debt to equity ratio (258.3%) is considered high.
Reducing Debt: ARGH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: ARGH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ARGH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18% each year