U.S. Gold Balance Sheet Health

Financial Health criteria checks 4/6

U.S. Gold has a total shareholder equity of $13.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $20.1M and $7.0M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$3.38m
Equity	US$13.15m
Total liabilities	US$6.99m
Total assets	US$20.14m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 0LHW's short term assets ($4.1M) exceed its short term liabilities ($572.9K).

Long Term Liabilities: 0LHW's short term assets ($4.1M) do not cover its long term liabilities ($6.4M).

Debt to Equity History and Analysis

Debt Level: 0LHW is debt free.

Reducing Debt: 0LHW had no debt 5 years ago.

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: 0LHW has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 0LHW has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 10.4% each year.

U.S. Gold Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

U.S. Gold Corp. announced delayed annual 10-K filing

Recent updates

U.S. Gold Corp. Provides Update on Engineering Optimization Studies for CK Gold Project

New minor risk - Financial position

New major risk - Share price stability

U.S. Gold Corp. Appoints of Johanna Fipke as Director

U.S. Gold Corp. has completed a Follow-on Equity Offering in the amount of $4.9 million.

U.S. Gold Corp. has filed a Follow-on Equity Offering in the amount of $4.9 million.

New minor risk - Shareholder dilution

U.S. Gold Corp. has filed a Follow-on Equity Offering in the amount of $4.9 million.

U.S. Gold Corp., Annual General Meeting, Apr 26, 2024

New major risk - Financial position

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

U.S. Gold Corp. Announces the Resignation of Ryan Zinke from Its Board of Directors, Effective December 31, 2022

U.S. Gold Corp., Annual General Meeting, Dec 16, 2022

U.S. Gold Corp. Submits Key Permit Application for the CK Gold Project

U.S. Gold Corp. announced delayed annual 10-K filing

U.S. Gold Corp. Announces Drilling Results from the Ck Gold Project and A Visit by Distinguished Geologist Dr. Richard Sillitoe

U.S. Gold Corp. Conducts Tests on its CK Gold Project Property to Ensure Safety of Mining and Advance Toward Permit Applications and Approval Process

U.S. Gold Corp. Appoints Luke Norman as Non-Independent Chairman

High number of new and inexperienced directors

U.S. Gold Corp. Announces the Extension of Gold and Copper Mineralization an Additional 700 Feet Below its Proposed CK Gold Project Open Pit

High number of new and inexperienced directors

High number of new and inexperienced directors

U.S. Gold Corp. Announces Positive Prefeasibility Study for the CK Gold Project

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

U.S. Gold Corp. Successfully Completes 2021 Drilling at Maggie Creek, Carlin Gold Belt, Nevada

U.S. Gold Corp. Highlights Progress on Challis Gold Project as it Moves Toward Plan of Operations

U.S. Gold Corp. Receives Bureau of Land Management Approval and Furthers its 2021 Keystone Exploration Program in Nevada's Cortez Trend

U.S. Gold Corp. Announces Plans for 2021 Summer Field Season Program at the CK Gold Project in Southeast Wyoming

U.S. Gold Corp. Announces Executive Changes

U.S. Gold Corp. Reports Update on CK Gold Project Metallurgical Testing, Anticipating Improved Gold and Copper Recoveries

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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