K2 Gold Balance Sheet Health
Financial Health criteria checks 4/6
K2 Gold has a total shareholder equity of CA$17.1M and total debt of CA$22.0K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CA$17.4M and CA$263.1K respectively.
Key information
0.1%
Debt to equity ratio
CA$22.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$101.31k |
| Equity | CA$17.11m |
| Total liabilities | CA$263.09k |
| Total assets | CA$17.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 23K's short term assets (CA$204.5K) do not cover its short term liabilities (CA$263.1K).
Long Term Liabilities: 23K has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 23K has more cash than its total debt.
Reducing Debt: 23K's debt to equity ratio has increased from 0% to 0.1% 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: 23K has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 23K is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.