SolGold Balance Sheet Health
Financial Health criteria checks 1/6
SolGold has a total shareholder equity of $291.8M and total debt of $155.1M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $458.2M and $166.4M respectively.
Key information
53.2%
Debt to equity ratio
US$155.13m
Debt
Interest coverage ratio | n/a |
Cash | US$12.84m |
Equity | US$291.83m |
Total liabilities | US$166.36m |
Total assets | US$458.19m |
Recent financial health updates
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 18We Think SolGold (LON:SOLG) Has A Fair Chunk Of Debt
Sep 02Recent updates
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 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 07Financial Position Analysis
Short Term Liabilities: SOLG's short term assets ($20.0M) exceed its short term liabilities ($6.9M).
Long Term Liabilities: SOLG's short term assets ($20.0M) do not cover its long term liabilities ($159.5M).
Debt to Equity History and Analysis
Debt Level: SOLG's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: SOLG's debt to equity ratio has increased from 0% to 53.2% 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: SOLG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SOLG has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.5% each year.