Cerrado Gold Balance Sheet Health
Financial Health criteria checks 3/6
Cerrado Gold has a total shareholder equity of $22.8M and total debt of $59.2M, which brings its debt-to-equity ratio to 260%. Its total assets and total liabilities are $249.4M and $226.6M respectively. Cerrado Gold's EBIT is $4.8M making its interest coverage ratio 0.8. It has cash and short-term investments of $7.9M.
Key information
260.0%
Debt to equity ratio
US$59.24m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$7.95m |
| Equity | US$22.79m |
| Total liabilities | US$226.60m |
| Total assets | US$249.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRDO.F's short term assets ($99.8M) do not cover its short term liabilities ($147.0M).
Long Term Liabilities: CRDO.F's short term assets ($99.8M) exceed its long term liabilities ($79.6M).
Debt to Equity History and Analysis
Debt Level: CRDO.F's net debt to equity ratio (225.1%) is considered high.
Reducing Debt: CRDO.F's debt to equity ratio has increased from 6.5% to 260% 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 CRDO.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CRDO.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 15:32 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
Cerrado Gold Inc. is covered by 5 analysts. 1 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 |
|---|---|
| Michael Curran | Beacon Securities Limited |
| Brock Colterjohn | Cormark Securities Inc. |
| Kerry Smith | Haywood Securities Inc. |