Soma Gold Balance Sheet Health
Financial Health criteria checks 3/6
Soma Gold has a total shareholder equity of CA$14.2M and total debt of CA$30.6M, which brings its debt-to-equity ratio to 216.5%. Its total assets and total liabilities are CA$74.1M and CA$59.9M respectively. Soma Gold's EBIT is CA$21.0M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$1.8M.
Key information
216.5%
Debt to equity ratio
CA$30.64m
Debt
Interest coverage ratio | 3.2x |
Cash | CA$1.79m |
Equity | CA$14.15m |
Total liabilities | CA$59.95m |
Total assets | CA$74.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMAG.F's short term assets (CA$22.7M) exceed its short term liabilities (CA$22.3M).
Long Term Liabilities: SMAG.F's short term assets (CA$22.7M) do not cover its long term liabilities (CA$37.6M).
Debt to Equity History and Analysis
Debt Level: SMAG.F's net debt to equity ratio (203.9%) is considered high.
Reducing Debt: SMAG.F's debt to equity ratio has increased from 49.1% to 216.5% over the past 5 years.
Debt Coverage: SMAG.F's debt is well covered by operating cash flow (62.6%).
Interest Coverage: SMAG.F's interest payments on its debt are well covered by EBIT (3.2x coverage).