Argo Balance Sheet Health
Financial Health criteria checks 2/6
Argo has a total shareholder equity of CA$102.6K and total debt of CA$3.3M, which brings its debt-to-equity ratio to 3174.9%. Its total assets and total liabilities are CA$21.9M and CA$21.8M respectively.
Key information
3,174.9%
Debt to equity ratio
CA$3.26m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$103.25k |
| Equity | CA$102.60k |
| Total liabilities | CA$21.80m |
| Total assets | CA$21.90m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARGH's short term assets (CA$797.4K) do not cover its short term liabilities (CA$16.7M).
Long Term Liabilities: ARGH's short term assets (CA$797.4K) do not cover its long term liabilities (CA$5.1M).
Debt to Equity History and Analysis
Debt Level: ARGH's net debt to equity ratio (3074.2%) is considered high.
Reducing Debt: ARGH's debt to equity ratio has increased from 10.6% to 3174.9% 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: ARGH has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: ARGH is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.