Labrador Gold Balance Sheet Health
Financial Health criteria checks 4/6
Labrador Gold has a total shareholder equity of CA$48.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$49.2M and CA$928.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$6.54m |
Equity | CA$48.31m |
Total liabilities | CA$928.68k |
Total assets | CA$49.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2N6's short term assets (CA$6.7M) exceed its short term liabilities (CA$110.9K).
Long Term Liabilities: 2N6's short term assets (CA$6.7M) exceed its long term liabilities (CA$817.8K).
Debt to Equity History and Analysis
Debt Level: 2N6 is debt free.
Reducing Debt: 2N6 has not had any debt for 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: 2N6 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2N6 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.4% each year