Ascot Resources Balance Sheet Health
Financial Health criteria checks 2/6
Ascot Resources has a total shareholder equity of CA$376.2M and total debt of CA$48.5M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CA$746.4M and CA$370.2M respectively.
Key information
12.9%
Debt to equity ratio
CA$48.51m
Debt
Interest coverage ratio | n/a |
Cash | CA$47.03m |
Equity | CA$376.16m |
Total liabilities | CA$370.19m |
Total assets | CA$746.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BHQ's short term assets (CA$59.2M) do not cover its short term liabilities (CA$92.3M).
Long Term Liabilities: BHQ's short term assets (CA$59.2M) do not cover its long term liabilities (CA$277.9M).
Debt to Equity History and Analysis
Debt Level: BHQ's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: BHQ's debt to equity ratio has increased from 9.1% to 12.9% 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: BHQ has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if BHQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.