AltynGold Balance Sheet Health
Financial Health criteria checks 3/6
AltynGold has a total shareholder equity of $66.4M and total debt of $54.8M, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are $134.6M and $68.2M respectively. AltynGold's EBIT is $8.6M making its interest coverage ratio 3.2. It has cash and short-term investments of $5.4M.
Key information
82.6%
Debt to equity ratio
US$54.85m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$5.44m |
| Equity | US$66.41m |
| Total liabilities | US$68.24m |
| Total assets | US$134.65m |
Recent financial health updates
These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Nov 11
AltynGold (LON:ALTN) Takes On Some Risk With Its Use Of Debt
Dec 17Recent updates
AltynGold (LON:ALTN) Is Doing The Right Things To Multiply Its Share Price
Mar 07AltynGold (LON:ALTN) Is Doing The Right Things To Multiply Its Share Price
Dec 07AltynGold (LON:ALTN) Could Become A Multi-Bagger
Aug 01Estimating The Intrinsic Value Of AltynGold plc (LON:ALTN)
Jun 17Here's Why We Think AltynGold (LON:ALTN) Might Deserve Your Attention Today
Mar 18AltynGold plc's (LON:ALTN) Share Price Boosted 85% But Its Business Prospects Need A Lift Too
Jan 27Why We Like The Returns At AltynGold (LON:ALTN)
Jan 05These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Nov 11Returns On Capital Are A Standout For AltynGold (LON:ALTN)
Sep 28Returns on Capital Paint A Bright Future For AltynGold (LON:ALTN)
Jun 14Investors Shouldn't Overlook AltynGold's (LON:ALTN) Impressive Returns On Capital
Nov 06AltynGold's (LON:ALTN) Promising Earnings May Rest On Soft Foundations
Sep 15There's Been No Shortage Of Growth Recently For AltynGold's (LON:ALTN) Returns On Capital
May 17Do Its Financials Have Any Role To Play In Driving AltynGold plc's (LON:ALTN) Stock Up Recently?
Mar 17What Do The Returns At AltynGold (LON:ALTN) Mean Going Forward?
Feb 02
AltynGold (LON:ALTN) Takes On Some Risk With Its Use Of Debt
Dec 17Financial Position Analysis
Short Term Liabilities: ALTN's short term assets ($46.8M) exceed its short term liabilities ($23.9M).
Long Term Liabilities: ALTN's short term assets ($46.8M) exceed its long term liabilities ($44.4M).
Debt to Equity History and Analysis
Debt Level: ALTN's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: ALTN's debt to equity ratio has increased from 10.7% to 82.6% over the past 5 years.
Debt Coverage: ALTN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ALTN's interest payments on its debt are well covered by EBIT (3.2x coverage).