Argo Gold Balance Sheet Health
Financial Health criteria checks 1/6
Argo Gold has a total shareholder equity of CA$949.1K and total debt of CA$1.1M, which brings its debt-to-equity ratio to 116.9%. Its total assets and total liabilities are CA$2.8M and CA$1.8M respectively.
Key information
116.9%
Debt to equity ratio
CA$1.11m
Debt
Interest coverage ratio | n/a |
Cash | CA$74.89k |
Equity | CA$949.13k |
Total liabilities | CA$1.83m |
Total assets | CA$2.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARBT.F's short term assets (CA$388.7K) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: ARBT.F's short term assets (CA$388.7K) exceed its long term liabilities (CA$58.5K).
Debt to Equity History and Analysis
Debt Level: ARBT.F's net debt to equity ratio (109%) is considered high.
Reducing Debt: ARBT.F's debt to equity ratio has increased from 0% to 116.9% 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: ARBT.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ARBT.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.1% each year