CGX Energy Balance Sheet Health
Financial Health criteria checks 3/6
CGX Energy has a total shareholder equity of $62.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $81.3M and $19.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$4.58m |
Equity | US$61.99m |
Total liabilities | US$19.27m |
Total assets | US$81.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GXCN's short term assets ($4.8M) do not cover its short term liabilities ($19.0M).
Long Term Liabilities: GXCN's short term assets ($4.8M) exceed its long term liabilities ($276.0K).
Debt to Equity History and Analysis
Debt Level: GXCN is debt free.
Reducing Debt: GXCN has no debt compared to 5 years ago when its debt to equity ratio was 76.3%.
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: GXCN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GXCN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.7% each year