China Nonferrous Gold Balance Sheet Health
Financial Health criteria checks 1/6
China Nonferrous Gold has a total shareholder equity of $-326.1M and total debt of $387.0M, which brings its debt-to-equity ratio to -118.7%. Its total assets and total liabilities are $86.9M and $413.0M respectively. China Nonferrous Gold's EBIT is $1.8M making its interest coverage ratio 0.1. It has cash and short-term investments of $3.6M.
Key information
-118.7%
Debt to equity ratio
US$386.96m
Debt
| Interest coverage ratio | 0.08x |
| Cash | US$3.63m |
| Equity | -US$326.06m |
| Total liabilities | US$412.95m |
| Total assets | US$86.89m |
Recent financial health updates
No updates
Recent updates
China Nonferrous Gold Limited's (LON:CNG) Shares Not Telling The Full Story
Jul 20
Estimating The Intrinsic Value Of China Nonferrous Gold Limited (LON:CNG)
Jan 05Returns Are Gaining Momentum At China Nonferrous Gold (LON:CNG)
Nov 05China Nonferrous Gold's (LON:CNG) Shareholders Are Down 56% On Their Shares
Jan 17
Financial Position Analysis
Short Term Liabilities: CNG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CNG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CNG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CNG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: CNG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CNG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.