GoGold Resources Balance Sheet Health
Financial Health criteria checks 6/6
GoGold Resources has a total shareholder equity of $283.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $308.2M and $24.5M respectively. GoGold Resources's EBIT is $178.0K making its interest coverage ratio -0. It has cash and short-term investments of $76.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -0.04x |
| Cash | US$76.43m |
| Equity | US$283.65m |
| Total liabilities | US$24.55m |
| Total assets | US$308.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGD's short term assets ($105.0M) exceed its short term liabilities ($13.5M).
Long Term Liabilities: GGD's short term assets ($105.0M) exceed its long term liabilities ($11.1M).
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 years if free cash flow continues to reduce at historical rates of 15.9% each year.