AltynGold Balance Sheet Health
Financial Health criteria checks 4/6
AltynGold has a total shareholder equity of $75.2M and total debt of $58.0M, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are $150.3M and $75.0M respectively. AltynGold's EBIT is $24.5M making its interest coverage ratio 5.5. It has cash and short-term investments of $4.7M.
Key information
77.1%
Debt to equity ratio
US$57.99m
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$4.69m |
| Equity | US$75.24m |
| Total liabilities | US$75.03m |
| Total assets | US$150.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALTNL's short term assets ($47.2M) exceed its short term liabilities ($42.8M).
Long Term Liabilities: ALTNL's short term assets ($47.2M) exceed its long term liabilities ($32.2M).
Debt to Equity History and Analysis
Debt Level: ALTNL's net debt to equity ratio (70.8%) is considered high.
Reducing Debt: ALTNL's debt to equity ratio has increased from 20.4% to 77.1% over the past 5 years.
Debt Coverage: ALTNL's debt is well covered by operating cash flow (42%).
Interest Coverage: ALTNL's interest payments on its debt are well covered by EBIT (5.5x coverage).