Lode Gold Resources Balance Sheet Health
Financial Health criteria checks 3/6
Lode Gold Resources has a total shareholder equity of CA$22.1M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CA$27.7M and CA$5.6M respectively.
Key information
15.4%
Debt to equity ratio
CA$3.40m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$542.56k |
| Equity | CA$22.08m |
| Total liabilities | CA$5.64m |
| Total assets | CA$27.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBMI.D's short term assets (CA$829.7K) do not cover its short term liabilities (CA$998.6K).
Long Term Liabilities: SBMI.D's short term assets (CA$829.7K) do not cover its long term liabilities (CA$4.6M).
Debt to Equity History and Analysis
Debt Level: SBMI.D's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: SBMI.D's debt to equity ratio has increased from 0.6% to 15.4% 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: SBMI.D has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SBMI.D is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.