Contango Ore Balance Sheet Health
Financial Health criteria checks 3/6
Contango Ore has a total shareholder equity of $11.0M and total debt of $34.9M, which brings its debt-to-equity ratio to 315.7%. Its total assets and total liabilities are $54.9M and $43.8M respectively.
Key information
315.7%
Debt to equity ratio
US$34.86m
Debt
Interest coverage ratio | n/a |
Cash | US$18.51m |
Equity | US$11.04m |
Total liabilities | US$43.81m |
Total assets | US$54.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTGO's short term assets ($20.1M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: CTGO's short term assets ($20.1M) do not cover its long term liabilities ($38.8M).
Debt to Equity History and Analysis
Debt Level: CTGO's net debt to equity ratio (148.1%) is considered high.
Reducing Debt: CTGO's debt to equity ratio has increased from 0% to 315.7% 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: CTGO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CTGO has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 48.4% each year.