Greatland Gold Balance Sheet Health
Financial Health criteria checks 1/6
Greatland Gold has a total shareholder equity of £49.9M and total debt of £41.1M, which brings its debt-to-equity ratio to 82.3%. Its total assets and total liabilities are £97.9M and £47.9M respectively.
Key information
82.3%
Debt to equity ratio
UK£41.12m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£12.67m |
| Equity | UK£49.94m |
| Total liabilities | UK£47.93m |
| Total assets | UK£97.87m |
Recent financial health updates
Would Greatland Gold (LON:GGP) Be Better Off With Less Debt?
Mar 29
Does Greatland Gold (LON:GGP) Have A Healthy Balance Sheet?
Mar 31Is Greatland Gold (LON:GGP) A Risky Investment?
May 13Does Greatland Gold (LON:GGP) Have A Healthy Balance Sheet?
Nov 20We Think Greatland Gold (LON:GGP) Can Afford To Drive Business Growth
Jul 29Recent updates
Would Greatland Gold (LON:GGP) Be Better Off With Less Debt?
Mar 29Does Greatland Gold (LON:GGP) Have A Healthy Balance Sheet?
Mar 31Is Greatland Gold (LON:GGP) A Risky Investment?
May 13Does Greatland Gold (LON:GGP) Have A Healthy Balance Sheet?
Nov 20We Think Greatland Gold (LON:GGP) Can Afford To Drive Business Growth
Jul 29Do Institutions Own Greatland Gold plc (LON:GGP) Shares?
Mar 11The CEO & Executive Director of Greatland Gold plc (LON:GGP), Gervaise Robert Heddle, Just Bought A Few More Shares
Feb 03Need To Know: Greatland Gold plc (LON:GGP) Insiders Have Been Selling Shares
Jan 06
Financial Position Analysis
Short Term Liabilities: GGP's short term assets (£20.2M) exceed its short term liabilities (£4.6M).
Long Term Liabilities: GGP's short term assets (£20.2M) do not cover its long term liabilities (£43.3M).
Debt to Equity History and Analysis
Debt Level: GGP's net debt to equity ratio (57%) is considered high.
Reducing Debt: GGP's debt to equity ratio has increased from 0% to 82.3% 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: GGP has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GGP has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.9% each year