Newcore Gold Balance Sheet Health
Financial Health criteria checks 6/6
Newcore Gold has a total shareholder equity of CA$49.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$50.1M and CA$209.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.70m |
| Equity | CA$49.86m |
| Total liabilities | CA$209.52k |
| Total assets | CA$50.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PI8's short term assets (CA$5.1M) exceed its short term liabilities (CA$209.5K).
Long Term Liabilities: PI8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PI8 is debt free.
Reducing Debt: PI8 has not had any debt for 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: PI8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PI8 is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.