Asante Gold Balance Sheet Health
Financial Health criteria checks 3/6
Asante Gold has a total shareholder equity of CA$8.7M and total debt of CA$45.8M, which brings its debt-to-equity ratio to 529.7%. Its total assets and total liabilities are CA$1.0B and CA$992.9M respectively.
Key information
529.7%
Debt to equity ratio
CA$45.83m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$31.28m |
| Equity | CA$8.65m |
| Total liabilities | CA$992.94m |
| Total assets | CA$1.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASG's short term assets (CA$174.8M) do not cover its short term liabilities (CA$891.2M).
Long Term Liabilities: ASG's short term assets (CA$174.8M) exceed its long term liabilities (CA$101.8M).
Debt to Equity History and Analysis
Debt Level: ASG's net debt to equity ratio (168.2%) is considered high.
Reducing Debt: ASG's debt to equity ratio has increased from 0% to 529.7% 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: Whilst unprofitable ASG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/30 14:31 |
| End of Day Share Price | 2023/10/02 00:00 |
| Earnings | 2023/10/31 |
| Annual Earnings | 2023/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Asante Gold Corporation is covered by 6 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Mackenzie | Canaccord Genuity |
| Carey MacRury | Canaccord Genuity |
| Michael Fairbairn | Canaccord Genuity |