Lake Victoria Gold Balance Sheet Health
Financial Health criteria checks 4/6
Lake Victoria Gold has a total shareholder equity of CA$6.3M and total debt of CA$389.2K, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are CA$7.4M and CA$1.2M respectively.
Key information
6.2%
Debt to equity ratio
CA$389.20k
Debt
Interest coverage ratio | n/a |
Cash | CA$627.11k |
Equity | CA$6.26m |
Total liabilities | CA$1.18m |
Total assets | CA$7.43m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LVGL.F's short term assets (CA$917.2K) exceed its short term liabilities (CA$830.7K).
Long Term Liabilities: LVGL.F's short term assets (CA$917.2K) exceed its long term liabilities (CA$345.2K).
Debt to Equity History and Analysis
Debt Level: LVGL.F has more cash than its total debt.
Reducing Debt: LVGL.F's debt to equity ratio has reduced from 6.6% to 6.2% 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: LVGL.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LVGL.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 53.6% each year