GoGold Resources Balance Sheet Health
Financial Health criteria checks 6/6
GoGold Resources has a total shareholder equity of $282.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $304.3M and $22.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$88.79m |
Equity | US$282.27m |
Total liabilities | US$22.02m |
Total assets | US$304.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGD's short term assets ($108.6M) exceed its short term liabilities ($13.5M).
Long Term Liabilities: GGD's short term assets ($108.6M) exceed its long term liabilities ($8.5M).
Debt to Equity History and Analysis
Debt Level: GGD is debt free.
Reducing Debt: GGD had no debt 5 years ago.
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: GGD has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: GGD has sufficient cash runway for 2.2 years if free cash flow continues to reduce at historical rates of 8.7% each year.