Goldstone Resources Balance Sheet Health
Financial Health criteria checks 3/6
Goldstone Resources has a total shareholder equity of $7.3M and total debt of $8.9M, which brings its debt-to-equity ratio to 121.3%. Its total assets and total liabilities are $20.3M and $13.0M respectively. Goldstone Resources's EBIT is $1.4M making its interest coverage ratio 1.8. It has cash and short-term investments of $788.8K.
Key information
121.3%
Debt to equity ratio
US$8.87m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$788.80k |
| Equity | US$7.31m |
| Total liabilities | US$13.04m |
| Total assets | US$20.35m |
Financial Position Analysis
Short Term Liabilities: GRL's short term assets ($2.7M) do not cover its short term liabilities ($11.9M).
Long Term Liabilities: GRL's short term assets ($2.7M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: GRL's net debt to equity ratio (110.5%) is considered high.
Reducing Debt: GRL's debt to equity ratio has increased from 10.7% to 121.3% 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: GRL has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GRL is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.