Cerrado Gold Balance Sheet Health
Financial Health criteria checks 1/6
Cerrado Gold has a total shareholder equity of $13.3M and total debt of $56.0M, which brings its debt-to-equity ratio to 420.6%. Its total assets and total liabilities are $237.8M and $224.5M respectively.
Key information
420.6%
Debt to equity ratio
US$56.03m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.37m |
| Equity | US$13.32m |
| Total liabilities | US$224.52m |
| Total assets | US$237.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRDO.F's short term assets ($89.4M) do not cover its short term liabilities ($148.5M).
Long Term Liabilities: CRDO.F's short term assets ($89.4M) exceed its long term liabilities ($76.0M).
Debt to Equity History and Analysis
Debt Level: CRDO.F's net debt to equity ratio (395.3%) is considered high.
Reducing Debt: CRDO.F's debt to equity ratio has increased from 4.6% to 420.6% 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: CRDO.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CRDO.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.2% each year