Goldstone Resources Balance Sheet Health
Financial Health criteria checks 2/6
Goldstone Resources has a total shareholder equity of $16.0M and total debt of $4.8M, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are $23.9M and $7.9M respectively.
Key information
30.0%
Debt to equity ratio
US$4.81m
Debt
Interest coverage ratio | n/a |
Cash | US$927.70k |
Equity | US$16.05m |
Total liabilities | US$7.86m |
Total assets | US$23.91m |
Financial Position Analysis
Short Term Liabilities: GRL's short term assets ($2.1M) do not cover its short term liabilities ($7.0M).
Long Term Liabilities: GRL's short term assets ($2.1M) exceed its long term liabilities ($901.3K).
Debt to Equity History and Analysis
Debt Level: GRL's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: GRL's debt to equity ratio has increased from 8.2% to 30% 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: Insufficient data to determine if GRL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GRL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.