West Red Lake Gold Mines Balance Sheet Health
Financial Health criteria checks 2/6
West Red Lake Gold Mines has a total shareholder equity of CA$71.4M and total debt of CA$31.2M, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are CA$132.5M and CA$61.1M respectively.
Key information
43.7%
Debt to equity ratio
CA$31.22m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$47.70m |
| Equity | CA$71.38m |
| Total liabilities | CA$61.08m |
| Total assets | CA$132.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UJ0's short term assets (CA$50.2M) exceed its short term liabilities (CA$9.5M).
Long Term Liabilities: UJ0's short term assets (CA$50.2M) do not cover its long term liabilities (CA$51.6M).
Debt to Equity History and Analysis
Debt Level: UJ0 has more cash than its total debt.
Reducing Debt: UJ0's debt to equity ratio has increased from 0% to 43.7% 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: UJ0 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if UJ0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.