African Gold Balance Sheet Health

Financial Health criteria checks 4/6

African Gold has a total shareholder equity of A$7.3M and total debt of A$433.6K, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are A$8.7M and A$1.4M respectively.

Key information

5.9%

Debt to equity ratio

AU$433.61k

Debt

Interest coverage ration/a
CashAU$886.16k
EquityAU$7.32m
Total liabilitiesAU$1.37m
Total assetsAU$8.69m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 8XJ's short term assets (A$1.0M) do not cover its short term liabilities (A$1.4M).

Long Term Liabilities: 8XJ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 8XJ has more cash than its total debt.

Reducing Debt: 8XJ's debt to equity ratio has increased from 0% to 5.9% 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: 8XJ has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 8XJ is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.


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