Westward Gold Balance Sheet Health
Financial Health criteria checks 4/6
Westward Gold has a total shareholder equity of CA$9.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.7M and CA$159.8K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$938.20k |
| Equity | CA$9.54m |
| Total liabilities | CA$159.82k |
| Total assets | CA$9.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IM50's short term assets (CA$1.1M) exceed its short term liabilities (CA$159.8K).
Long Term Liabilities: IM50 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: IM50 is debt free.
Reducing Debt: IM50 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: IM50 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IM50 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.4% each year