Solstice Gold Balance Sheet Health
Financial Health criteria checks 5/6
Solstice Gold has a total shareholder equity of CA$361.2K and total debt of CA$60.0K, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are CA$556.6K and CA$195.5K respectively.
Key information
16.6%
Debt to equity ratio
CA$60.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$522.26k |
| Equity | CA$361.17k |
| Total liabilities | CA$195.48k |
| Total assets | CA$556.65k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGCP.F's short term assets (CA$556.6K) exceed its short term liabilities (CA$135.5K).
Long Term Liabilities: SGCP.F's short term assets (CA$556.6K) exceed its long term liabilities (CA$60.0K).
Debt to Equity History and Analysis
Debt Level: SGCP.F has more cash than its total debt.
Reducing Debt: SGCP.F's debt to equity ratio has increased from 0% to 16.6% 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: SGCP.F has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SGCP.F is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.