Element79 Gold Balance Sheet Health
Financial Health criteria checks 4/6
Element79 Gold has a total shareholder equity of CA$14.8M and total debt of CA$221.2K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$19.2M and CA$4.4M respectively.
Key information
1.5%
Debt to equity ratio
CA$221.22k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$91.54k |
| Equity | CA$14.77m |
| Total liabilities | CA$4.44m |
| Total assets | CA$19.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7YS0's short term assets (CA$2.4M) do not cover its short term liabilities (CA$3.0M).
Long Term Liabilities: 7YS0's short term assets (CA$2.4M) exceed its long term liabilities (CA$1.5M).
Debt to Equity History and Analysis
Debt Level: 7YS0's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 7YS0's debt to equity ratio has reduced 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: Whilst unprofitable 7YS0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 7YS0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16% per year.