Gowest Gold Balance Sheet Health
Financial Health criteria checks 3/6
Gowest Gold has a total shareholder equity of CA$93.0M and total debt of CA$19.6M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are CA$118.4M and CA$25.4M respectively.
Key information
21.0%
Debt to equity ratio
CA$19.58m
Debt
Interest coverage ratio | n/a |
Cash | CA$6.78m |
Equity | CA$93.01m |
Total liabilities | CA$25.36m |
Total assets | CA$118.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1GW's short term assets (CA$18.2M) exceed its short term liabilities (CA$7.1M).
Long Term Liabilities: 1GW's short term assets (CA$18.2M) do not cover its long term liabilities (CA$18.3M).
Debt to Equity History and Analysis
Debt Level: 1GW's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: 1GW's debt to equity ratio has reduced from 48.1% to 21% 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 16.2% each year