SolGold Balance Sheet Health
Financial Health criteria checks 3/6
SolGold has a total shareholder equity of $261.6M and total debt of $183.9M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are $457.0M and $195.4M respectively.
Key information
70.3%
Debt to equity ratio
US$183.87m
Debt
Interest coverage ratio | n/a |
Cash | US$3.45m |
Equity | US$261.61m |
Total liabilities | US$195.42m |
Total assets | US$457.02m |
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 ($10.8M) exceed its short term liabilities ($7.2M).
Long Term Liabilities: SOLG's short term assets ($10.8M) do not cover its long term liabilities ($188.2M).
Debt to Equity History and Analysis
Debt Level: SOLG's net debt to equity ratio (69%) is considered high.
Reducing Debt: SOLG's debt to equity ratio has increased from 0% to 70.3% 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 a year based on its current free cash flow.
Forecast Cash Runway: SOLG has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 8.2% each year.