Lode Gold Resources Balance Sheet Health
Financial Health criteria checks 4/6
Lode Gold Resources has a total shareholder equity of CA$23.0M and total debt of CA$3.2M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are CA$27.7M and CA$4.7M respectively.
Key information
13.8%
Debt to equity ratio
CA$3.18m
Debt
Interest coverage ratio | n/a |
Cash | CA$997.83k |
Equity | CA$23.01m |
Total liabilities | CA$4.73m |
Total assets | CA$27.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBMI.F's short term assets (CA$1.3M) exceed its short term liabilities (CA$1.0M).
Long Term Liabilities: SBMI.F's short term assets (CA$1.3M) do not cover its long term liabilities (CA$3.7M).
Debt to Equity History and Analysis
Debt Level: SBMI.F's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: SBMI.F's debt to equity ratio has increased from 0.5% to 13.8% 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.F has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SBMI.F is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.