Provenance Gold Balance Sheet Health
Financial Health criteria checks 4/6
Provenance Gold has a total shareholder equity of CA$2.7M and total debt of CA$47.5K, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CA$3.0M and CA$212.5K respectively.
Key information
1.7%
Debt to equity ratio
CA$47.50k
Debt
Interest coverage ratio | n/a |
Cash | CA$37.23k |
Equity | CA$2.74m |
Total liabilities | CA$212.47k |
Total assets | CA$2.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PVGD.F's short term assets (CA$41.9K) do not cover its short term liabilities (CA$212.5K).
Long Term Liabilities: PVGD.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PVGD.F's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: PVGD.F's debt to equity ratio has increased from 0% to 1.7% 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: PVGD.F has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PVGD.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.