Xtra-Gold Resources Balance Sheet Health
Financial Health criteria checks 6/6
Xtra-Gold Resources has a total shareholder equity of $13.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $15.3M and $2.0M respectively. Xtra-Gold Resources's EBIT is $2.6M making its interest coverage ratio -6.4. It has cash and short-term investments of $13.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -6.4x |
| Cash | US$13.42m |
| Equity | US$13.28m |
| Total liabilities | US$2.04m |
| Total assets | US$15.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XTGR.F's short term assets ($13.8M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: XTGR.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XTGR.F is debt free.
Reducing Debt: XTGR.F has not had any debt for past 5 years.
Debt Coverage: XTGR.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: XTGR.F has no debt, therefore coverage of interest payments is not a concern.