Argo Gold Balance Sheet Health
Financial Health criteria checks 3/6
Argo Gold has a total shareholder equity of CA$1.6M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CA$3.2M and CA$1.6M respectively. Argo Gold's EBIT is CA$727.0K making its interest coverage ratio 4.4. It has cash and short-term investments of CA$9.0K.
Key information
70.4%
Debt to equity ratio
CA$1.11m
Debt
| Interest coverage ratio | 4.4x |
| Cash | CA$8.98k |
| Equity | CA$1.58m |
| Total liabilities | CA$1.63m |
| Total assets | CA$3.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P3U's short term assets (CA$459.5K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: P3U's short term assets (CA$459.5K) exceed its long term liabilities (CA$72.3K).
Debt to Equity History and Analysis
Debt Level: P3U's net debt to equity ratio (69.8%) is considered high.
Reducing Debt: P3U's debt to equity ratio has increased from 0% to 70.4% over the past 5 years.
Debt Coverage: P3U's debt is well covered by operating cash flow (70.4%).
Interest Coverage: P3U's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 22:12 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| 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
Argo Gold Inc. 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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