Lake Victoria Gold Balance Sheet Health
Financial Health criteria checks 4/6
Lake Victoria Gold has a total shareholder equity of CA$5.6M and total debt of CA$693.9K, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are CA$7.5M and CA$1.9M respectively.
Key information
12.4%
Debt to equity ratio
CA$693.90k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$11.38k |
| Equity | CA$5.62m |
| Total liabilities | CA$1.93m |
| Total assets | CA$7.54m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E1K's short term assets (CA$304.2K) do not cover its short term liabilities (CA$1.9M).
Long Term Liabilities: E1K has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: E1K's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: E1K's debt to equity ratio has increased from 9.3% to 12.4% 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: E1K has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: E1K is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.