Victoria Gold Balance Sheet Health
Financial Health criteria checks 3/6
Victoria Gold has a total shareholder equity of CA$589.4M and total debt of CA$236.2M, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are CA$1.0B and CA$427.5M respectively. Victoria Gold's EBIT is CA$61.4M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$26.7M.
Key information
40.1%
Debt to equity ratio
CA$236.18m
Debt
Interest coverage ratio | 2.9x |
Cash | CA$26.75m |
Equity | CA$589.38m |
Total liabilities | CA$427.51m |
Total assets | CA$1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VITF.F's short term assets (CA$261.1M) exceed its short term liabilities (CA$114.1M).
Long Term Liabilities: VITF.F's short term assets (CA$261.1M) do not cover its long term liabilities (CA$313.4M).
Debt to Equity History and Analysis
Debt Level: VITF.F's net debt to equity ratio (35.5%) is considered satisfactory.
Reducing Debt: VITF.F's debt to equity ratio has increased from 33.3% to 40.1% over the past 5 years.
Debt Coverage: VITF.F's debt is well covered by operating cash flow (48.3%).
Interest Coverage: VITF.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).