Goldstone Resources Balance Sheet Health
Financial Health criteria checks 4/6
Goldstone Resources has a total shareholder equity of $16.0M and total debt of $4.8M, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are $23.9M and $7.9M respectively.
Key information
30.0%
Debt to equity ratio
US$4.81m
Debt
| Interest coverage ratio | n/a |
| Cash | US$927.70k |
| Equity | US$16.05m |
| Total liabilities | US$7.86m |
| Total assets | US$23.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GVL1's short term assets ($2.1M) do not cover its short term liabilities ($7.0M).
Long Term Liabilities: GVL1's short term assets ($2.1M) exceed its long term liabilities ($901.3K).
Debt to Equity History and Analysis
Debt Level: GVL1's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: GVL1's debt to equity ratio has increased from 8.2% to 30% 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: GVL1 has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GVL1 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.