SolGold Balance Sheet Health
Financial Health criteria checks 3/6
SolGold has a total shareholder equity of $261.6M and total debt of $183.9M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are $457.0M and $195.4M respectively.
Key information
70.3%
Debt to equity ratio
US$183.87m
Debt
Interest coverage ratio | n/a |
Cash | US$3.45m |
Equity | US$261.61m |
Total liabilities | US$195.42m |
Total assets | US$457.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOLGL's short term assets ($10.8M) exceed its short term liabilities ($7.2M).
Long Term Liabilities: SOLGL's short term assets ($10.8M) do not cover its long term liabilities ($188.2M).
Debt to Equity History and Analysis
Debt Level: SOLGL's net debt to equity ratio (69%) is considered high.
Reducing Debt: SOLGL's debt to equity ratio has increased from 0% to 70.3% 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: SOLGL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SOLGL has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 8.2% each year.