Almaden Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Almaden Minerals has a total shareholder equity of CA$4.3M and total debt of CA$5.5M, which brings its debt-to-equity ratio to 129.9%. Its total assets and total liabilities are CA$11.8M and CA$7.6M respectively.
Key information
129.9%
Debt to equity ratio
CA$5.53m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.38m |
| Equity | CA$4.26m |
| Total liabilities | CA$7.58m |
| Total assets | CA$11.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A4E1's short term assets (CA$5.0M) exceed its short term liabilities (CA$575.4K).
Long Term Liabilities: A4E1's short term assets (CA$5.0M) do not cover its long term liabilities (CA$7.0M).
Debt to Equity History and Analysis
Debt Level: A4E1's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: A4E1's debt to equity ratio has increased from 3.6% to 129.9% 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: A4E1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: A4E1 has sufficient cash runway for 1.9 years if free cash flow continues to grow at historical rates of 38.6% each year.