Almaden Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Almaden Minerals has a total shareholder equity of CA$4.4M and total debt of CA$5.5M, which brings its debt-to-equity ratio to 124.2%. Its total assets and total liabilities are CA$11.9M and CA$7.5M respectively.
Key information
124.2%
Debt to equity ratio
CA$5.46m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.04m |
| Equity | CA$4.39m |
| Total liabilities | CA$7.53m |
| Total assets | CA$11.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0UH8's short term assets (CA$5.0M) exceed its short term liabilities (CA$674.9K).
Long Term Liabilities: 0UH8's short term assets (CA$5.0M) do not cover its long term liabilities (CA$6.9M).
Debt to Equity History and Analysis
Debt Level: 0UH8's net debt to equity ratio (55%) is considered high.
Reducing Debt: 0UH8's debt to equity ratio has increased from 3.4% to 124.2% 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: 0UH8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 0UH8 has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 38.9% each year.