SolGold Balance Sheet Health
Financial Health criteria checks 3/6
SolGold has a total shareholder equity of $247.0M and total debt of $194.2M, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are $483.8M and $236.8M respectively.
Key information
78.6%
Debt to equity ratio
US$194.16m
Debt
| Interest coverage ratio | n/a |
| Cash | US$22.33m |
| Equity | US$247.02m |
| Total liabilities | US$236.82m |
| Total assets | US$483.85m |
Recent financial health updates
Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Oct 04
Would SolGold (LON:SOLG) Be Better Off With Less Debt?
Apr 25Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Dec 29Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Sep 30Would SolGold (LON:SOLG) Be Better Off With Less Debt?
Jun 23We Think SolGold (LON:SOLG) Has A Fair Chunk Of Debt
Feb 18Recent updates
Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Oct 04Would SolGold (LON:SOLG) Be Better Off With Less Debt?
Apr 25Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Dec 29Does SolGold (LON:SOLG) Have A Healthy Balance Sheet?
Sep 30Would SolGold (LON:SOLG) Be Better Off With Less Debt?
Jun 23We Think SolGold (LON:SOLG) Has A Fair Chunk Of Debt
Feb 18We Think SolGold (LON:SOLG) Has A Fair Chunk Of Debt
Sep 02We Think SolGold (LON:SOLG) Has A Fair Chunk Of Debt
Mar 08Is SolGold (LON:SOLG) Using Debt In A Risky Way?
Nov 06Need To Know: SolGold Plc (LON:SOLG) Insiders Have Been Buying Shares
Jan 29Are Institutions Heavily Invested In SolGold Plc's (LON:SOLG) Shares?
Dec 07
Financial Position Analysis
Short Term Liabilities: SOLG's short term assets ($25.4M) exceed its short term liabilities ($6.8M).
Long Term Liabilities: SOLG's short term assets ($25.4M) do not cover its long term liabilities ($230.0M).
Debt to Equity History and Analysis
Debt Level: SOLG's net debt to equity ratio (69.6%) is considered high.
Reducing Debt: SOLG's debt to equity ratio has increased from 0% to 78.6% 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: SOLG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SOLG has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 9.9% each year.