Wesdome Gold Mines Balance Sheet Health
Financial Health criteria checks 2/6
Wesdome Gold Mines has a total shareholder equity of CA$427.3M and total debt of CA$38.7M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CA$619.0M and CA$191.7M respectively. Wesdome Gold Mines's EBIT is CA$5.4M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$41.4M.
Key information
9.1%
Debt to equity ratio
CA$38.74m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$41.37m |
| Equity | CA$427.30m |
| Total liabilities | CA$191.66m |
| Total assets | CA$618.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RKVA's short term assets (CA$82.2M) do not cover its short term liabilities (CA$89.1M).
Long Term Liabilities: RKVA's short term assets (CA$82.2M) do not cover its long term liabilities (CA$102.5M).
Debt to Equity History and Analysis
Debt Level: RKVA has more cash than its total debt.
Reducing Debt: RKVA's debt to equity ratio has increased from 0% to 9.1% over the past 5 years.
Debt Coverage: RKVA's debt is well covered by operating cash flow (261.6%).
Interest Coverage: RKVA's interest payments on its debt are not well covered by EBIT (1.4x coverage).