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Pure Gold Mining Balance Sheet Health
Financial Health criteria checks 0/6
Pure Gold Mining has a total shareholder equity of CA$28.7M and total debt of CA$140.1M, which brings its debt-to-equity ratio to 488.1%. Its total assets and total liabilities are CA$260.6M and CA$231.9M respectively.
Key information
488.1%
Debt to equity ratio
CA$140.12m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.71m |
| Equity | CA$28.71m |
| Total liabilities | CA$231.92m |
| Total assets | CA$260.63m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L11A's short term assets (CA$13.8M) do not cover its short term liabilities (CA$211.5M).
Long Term Liabilities: L11A's short term assets (CA$13.8M) do not cover its long term liabilities (CA$20.5M).
Debt to Equity History and Analysis
Debt Level: L11A's net debt to equity ratio (475.2%) is considered high.
Reducing Debt: L11A's debt to equity ratio has increased from 0% to 488.1% 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: L11A has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: L11A has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.1% each year