GameOn Entertainment Technologies Balance Sheet Health
Financial Health criteria checks 3/6
GameOn Entertainment Technologies has a total shareholder equity of CA$1.7M and total debt of CA$2.1M, which brings its debt-to-equity ratio to 124.8%. Its total assets and total liabilities are CA$5.7M and CA$4.0M respectively.
Key information
124.8%
Debt to equity ratio
CA$2.11m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$33.86k |
| Equity | CA$1.69m |
| Total liabilities | CA$4.00m |
| Total assets | CA$5.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMET.F's short term assets (CA$911.1K) do not cover its short term liabilities (CA$2.9M).
Long Term Liabilities: GMET.F's short term assets (CA$911.1K) do not cover its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: GMET.F's net debt to equity ratio (122.8%) is considered high.
Reducing Debt: GMET.F's debt to equity ratio has reduced from 1386.6% to 124.8% 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: GMET.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GMET.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.