Eminent Gold Balance Sheet Health
Financial Health criteria checks 5/6
Eminent Gold has a total shareholder equity of CA$2.5M and total debt of CA$100.0K, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CA$3.0M and CA$419.4K respectively.
Key information
3.9%
Debt to equity ratio
CA$100.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$43.65k |
| Equity | CA$2.55m |
| Total liabilities | CA$419.38k |
| Total assets | CA$2.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMGD.F's short term assets (CA$77.8K) do not cover its short term liabilities (CA$419.4K).
Long Term Liabilities: EMGD.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EMGD.F's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: EMGD.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: EMGD.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EMGD.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.