Augusta Gold Balance Sheet Health
Financial Health criteria checks 2/6
Augusta Gold has a total shareholder equity of $27.8M and total debt of $29.1M, which brings its debt-to-equity ratio to 104.5%. Its total assets and total liabilities are $61.2M and $33.3M respectively.
Key information
104.5%
Debt to equity ratio
US$29.07m
Debt
| Interest coverage ratio | n/a |
| Cash | US$612.80k |
| Equity | US$27.82m |
| Total liabilities | US$33.33m |
| Total assets | US$61.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7RZ's short term assets ($725.1K) do not cover its short term liabilities ($30.7M).
Long Term Liabilities: 7RZ's short term assets ($725.1K) do not cover its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: 7RZ's net debt to equity ratio (102.3%) is considered high.
Reducing Debt: 7RZ's debt to equity ratio has increased from 0% to 104.5% 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: 7RZ has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 7RZ is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.