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Gowest Gold Balance Sheet Health
Financial Health criteria checks 3/6
Gowest Gold has a total shareholder equity of CA$89.7M and total debt of CA$28.2M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are CA$123.8M and CA$34.1M respectively.
Key information
31.5%
Debt to equity ratio
CA$28.24m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.57m |
| Equity | CA$89.66m |
| Total liabilities | CA$34.09m |
| Total assets | CA$123.76m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1GW's short term assets (CA$13.2M) exceed its short term liabilities (CA$9.6M).
Long Term Liabilities: 1GW's short term assets (CA$13.2M) do not cover its long term liabilities (CA$24.5M).
Debt to Equity History and Analysis
Debt Level: 1GW's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: 1GW's debt to equity ratio has reduced from 41% to 31.5% 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: 1GW has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 1GW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.2% each year