Allied Gold Balance Sheet Health
Financial Health criteria checks 2/6
Allied Gold has a total shareholder equity of $401.2M and total debt of $103.3M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are $958.7M and $557.5M respectively. Allied Gold's EBIT is $62.6M making its interest coverage ratio 6.2. It has cash and short-term investments of $78.0M.
Key information
25.8%
Debt to equity ratio
US$103.34m
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$77.97m |
| Equity | US$401.16m |
| Total liabilities | US$557.51m |
| Total assets | US$958.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A24's short term assets ($230.4M) do not cover its short term liabilities ($327.6M).
Long Term Liabilities: A24's short term assets ($230.4M) exceed its long term liabilities ($229.9M).
Debt to Equity History and Analysis
Debt Level: A24's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if A24'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: A24 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: A24 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 65.8% each year