Signal Gold Balance Sheet Health
Financial Health criteria checks 2/6
Signal Gold has a total shareholder equity of CA$63.3M and total debt of CA$24.7M, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are CA$94.3M and CA$31.0M respectively.
Key information
39.1%
Debt to equity ratio
CA$24.75m
Debt
Interest coverage ratio | n/a |
Cash | CA$8.06m |
Equity | CA$63.25m |
Total liabilities | CA$31.03m |
Total assets | CA$94.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGNL.F's short term assets (CA$8.4M) do not cover its short term liabilities (CA$25.6M).
Long Term Liabilities: SGNL.F's short term assets (CA$8.4M) exceed its long term liabilities (CA$5.4M).
Debt to Equity History and Analysis
Debt Level: SGNL.F's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: SGNL.F's debt to equity ratio has increased from 12.3% to 39.1% 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: SGNL.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SGNL.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.6% each year