Goldcliff Resource Balance Sheet Health
Financial Health criteria checks 3/6
Goldcliff Resource has a total shareholder equity of CA$606.6K and total debt of CA$260.0K, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are CA$961.6K and CA$355.0K respectively.
Key information
42.9%
Debt to equity ratio
CA$260.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$69.62k |
Equity | CA$606.59k |
Total liabilities | CA$355.04k |
Total assets | CA$961.63k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCFF.F's short term assets (CA$82.9K) do not cover its short term liabilities (CA$355.0K).
Long Term Liabilities: GCFF.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GCFF.F's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: GCFF.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: GCFF.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GCFF.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.2% each year