Soma Gold Balance Sheet Health

Financial Health criteria checks 3/6

Soma Gold has a total shareholder equity of CA$11.3M and total debt of CA$32.1M, which brings its debt-to-equity ratio to 283.4%. Its total assets and total liabilities are CA$72.4M and CA$61.1M respectively. Soma Gold's EBIT is CA$14.5M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$826.4K.

Key information

283.4%

Debt to equity ratio

CA$32.10m

Debt

Interest coverage ratio2.1x
CashCA$826.44k
EquityCA$11.33m
Total liabilitiesCA$61.12m
Total assetsCA$72.45m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SMAG.F's short term assets (CA$24.2M) exceed its short term liabilities (CA$23.1M).

Long Term Liabilities: SMAG.F's short term assets (CA$24.2M) do not cover its long term liabilities (CA$38.0M).


Debt to Equity History and Analysis

Debt Level: SMAG.F's net debt to equity ratio (276.1%) is considered high.

Reducing Debt: SMAG.F's debt to equity ratio has increased from 106.6% to 283.4% 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: Whilst unprofitable SMAG.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SMAG.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.5% per year.


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