Goldstone Resources Balance Sheet Health
Financial Health criteria checks 3/6
Goldstone Resources has a total shareholder equity of $7.3M and total debt of $8.9M, which brings its debt-to-equity ratio to 121.3%. Its total assets and total liabilities are $20.3M and $13.0M respectively. Goldstone Resources's EBIT is $1.4M making its interest coverage ratio 1.8. It has cash and short-term investments of $788.8K.
Key information
121.3%
Debt to equity ratio
US$8.87m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$788.80k |
| Equity | US$7.31m |
| Total liabilities | US$13.04m |
| Total assets | US$20.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GVL1's short term assets ($2.7M) do not cover its short term liabilities ($11.9M).
Long Term Liabilities: GVL1's short term assets ($2.7M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: GVL1's net debt to equity ratio (110.5%) is considered high.
Reducing Debt: GVL1's debt to equity ratio has increased from 10.7% to 121.3% 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: GVL1 has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GVL1 is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:25 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Goldstone Resources Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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