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 ration/a
CashUS$4.58m
EquityUS$61.99m
Total liabilitiesUS$19.27m
Total assetsUS$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


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