Elevation Gold Mining Balance Sheet Health
Financial Health criteria checks 1/6
Elevation Gold Mining has a total shareholder equity of $29.5M and total debt of $37.8M, which brings its debt-to-equity ratio to 127.9%. Its total assets and total liabilities are $107.2M and $77.7M respectively.
Key information
127.9%
Debt to equity ratio
US$37.76m
Debt
| Interest coverage ratio | n/a |
| Cash | US$325.00k |
| Equity | US$29.52m |
| Total liabilities | US$77.72m |
| Total assets | US$107.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 54NA's short term assets ($34.3M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: 54NA's short term assets ($34.3M) do not cover its long term liabilities ($45.4M).
Debt to Equity History and Analysis
Debt Level: 54NA's net debt to equity ratio (126.8%) is considered high.
Reducing Debt: 54NA's debt to equity ratio has increased from 25.8% to 127.9% 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: 54NA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 54NA has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.3% each year.