Renegade Gold Balance Sheet Health
Financial Health criteria checks 3/6
Renegade Gold has a total shareholder equity of CA$15.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$19.8M and CA$4.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.05m |
| Equity | CA$15.21m |
| Total liabilities | CA$4.60m |
| Total assets | CA$19.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGLD.F's short term assets (CA$4.2M) do not cover its short term liabilities (CA$4.3M).
Long Term Liabilities: TGLD.F's short term assets (CA$4.2M) exceed its long term liabilities (CA$258.6K).
Debt to Equity History and Analysis
Debt Level: TGLD.F is debt free.
Reducing Debt: TGLD.F has no debt compared to 5 years ago when its debt to equity ratio was 9.6%.
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: TGLD.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TGLD.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25% each year