New Gold Balance Sheet Health
Financial Health criteria checks 5/6
New Gold has a total shareholder equity of $736.4M and total debt of $396.2M, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are $2.3B and $1.5B respectively. New Gold's EBIT is $51.3M making its interest coverage ratio -7.1. It has cash and short-term investments of $164.3M.
Key information
53.8%
Debt to equity ratio
US$396.20m
Debt
Interest coverage ratio | -7.1x |
Cash | US$164.30m |
Equity | US$736.40m |
Total liabilities | US$1.52b |
Total assets | US$2.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0V90's short term assets ($319.6M) exceed its short term liabilities ($211.9M).
Long Term Liabilities: 0V90's short term assets ($319.6M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 0V90's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: 0V90's debt to equity ratio has reduced from 84.1% to 53.8% 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: Whilst unprofitable 0V90 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0V90 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.7% per year.