Visible Gold Mines Balance Sheet Health
Financial Health criteria checks 3/6
Visible Gold Mines has a total shareholder equity of CA$308.7K and total debt of CA$79.0K, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are CA$758.9K and CA$450.2K respectively.
Key information
25.6%
Debt to equity ratio
CA$78.97k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$29.97k |
| Equity | CA$308.69k |
| Total liabilities | CA$450.18k |
| Total assets | CA$758.87k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3V41's short term assets (CA$45.0K) do not cover its short term liabilities (CA$388.0K).
Long Term Liabilities: 3V41's short term assets (CA$45.0K) do not cover its long term liabilities (CA$62.2K).
Debt to Equity History and Analysis
Debt Level: 3V41's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 3V41's debt to equity ratio has increased from 0% to 25.6% 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: 3V41 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 3V41 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.