AltynGold Balance Sheet Health
Financial Health criteria checks 4/6
AltynGold has a total shareholder equity of $75.2M and total debt of $58.0M, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are $150.3M and $75.0M respectively. AltynGold's EBIT is $24.5M making its interest coverage ratio 5.5. It has cash and short-term investments of $4.7M.
Key information
77.1%
Debt to equity ratio
US$57.99m
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$4.69m |
| Equity | US$75.24m |
| Total liabilities | US$75.03m |
| Total assets | US$150.26m |
Recent financial health updates
These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Oct 24
These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Nov 11AltynGold (LON:ALTN) Takes On Some Risk With Its Use Of Debt
Dec 17Recent updates
These 4 Measures Indicate That AltynGold (LON:ALTN) Is Using Debt Extensively
Oct 24Market Might Still Lack Some Conviction On AltynGold plc (LON:ALTN) Even After 27% Share Price Boost
Sep 10Further Upside For AltynGold plc (LON:ALTN) Shares Could Introduce Price Risks After 40% Bounce
Jul 18We Like These Underlying Return On Capital Trends At AltynGold (LON:ALTN)
Jun 20AltynGold plc (LON:ALTN) Soars 38% But It's A Story Of Risk Vs Reward
Apr 28AltynGold (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 ($47.2M) exceed its short term liabilities ($42.8M).
Long Term Liabilities: ALTN's short term assets ($47.2M) exceed its long term liabilities ($32.2M).
Debt to Equity History and Analysis
Debt Level: ALTN's net debt to equity ratio (70.8%) is considered high.
Reducing Debt: ALTN's debt to equity ratio has increased from 20.4% to 77.1% over the past 5 years.
Debt Coverage: ALTN's debt is well covered by operating cash flow (42%).
Interest Coverage: ALTN's interest payments on its debt are well covered by EBIT (5.5x coverage).