Greatland Gold Balance Sheet Health
Financial Health criteria checks 3/6
Greatland Gold has a total shareholder equity of £41.0M and total debt of £41.5M, which brings its debt-to-equity ratio to 101.3%. Its total assets and total liabilities are £90.0M and £49.0M respectively.
Key information
101.3%
Debt to equity ratio
UK£41.49m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£4.81m |
| Equity | UK£40.96m |
| Total liabilities | UK£49.01m |
| Total assets | UK£89.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRLG.F's short term assets (£7.1M) exceed its short term liabilities (£5.3M).
Long Term Liabilities: GRLG.F's short term assets (£7.1M) do not cover its long term liabilities (£43.7M).
Debt to Equity History and Analysis
Debt Level: GRLG.F's net debt to equity ratio (89.6%) is considered high.
Reducing Debt: GRLG.F's debt to equity ratio has increased from 0% to 101.3% 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: GRLG.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GRLG.F is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.