Element79 Gold Balance Sheet Health
Financial Health criteria checks 4/6
Element79 Gold has a total shareholder equity of CA$10.3M and total debt of CA$3.9M, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CA$19.6M and CA$9.3M respectively.
Key information
38.0%
Debt to equity ratio
CA$3.92m
Debt
Interest coverage ratio | n/a |
Cash | CA$8.67k |
Equity | CA$10.30m |
Total liabilities | CA$9.26m |
Total assets | CA$19.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7YS0's short term assets (CA$3.4M) do not cover its short term liabilities (CA$5.9M).
Long Term Liabilities: 7YS0's short term assets (CA$3.4M) exceed its long term liabilities (CA$3.4M).
Debt to Equity History and Analysis
Debt Level: 7YS0's net debt to equity ratio (37.9%) 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: 7YS0 has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 7YS0 is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.