Soma Gold Balance Sheet Health
Financial Health criteria checks 3/6
Soma Gold has a total shareholder equity of CA$11.3M and total debt of CA$32.1M, which brings its debt-to-equity ratio to 283.4%. Its total assets and total liabilities are CA$72.4M and CA$61.1M respectively. Soma Gold's EBIT is CA$14.5M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$826.4K.
Key information
283.4%
Debt to equity ratio
CA$32.10m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$826.44k |
| Equity | CA$11.33m |
| Total liabilities | CA$61.12m |
| Total assets | CA$72.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8PR1's short term assets (CA$24.2M) exceed its short term liabilities (CA$23.1M).
Long Term Liabilities: 8PR1's short term assets (CA$24.2M) do not cover its long term liabilities (CA$38.0M).
Debt to Equity History and Analysis
Debt Level: 8PR1's net debt to equity ratio (276.1%) is considered high.
Reducing Debt: 8PR1's debt to equity ratio has increased from 106.6% to 283.4% 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 8PR1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8PR1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.5% per year.