RE: CORA26 Mar 2025 13:20
Cora,,,,
Current Debt Levels
As of December 2023, Cora Gold reported a total debt of $15.9 million, which was a notable increase from having no debt in the previous year.
Cash Reserves
Cora Gold’s balance sheet shows that it holds $16.9 million in cash. This amount exceeds its total liabilities, resulting in a net cash position of approximately $989,000.
Financial Health Indicators
Long-Term Debt to Total Assets Ratio:.............. For the quarter ending June 2024, Cora Gold’s long-term debt to total assets ratio was 0.00, indicating that none of its assets are financed through long-term loans
Cash Burn Rate: ................Despite having incurred losses (with an EBIT loss over the last year), Cora Gold has managed to reduce its cash burn by 22% over twelve months4.
Debt Mandate for Future Projects: ............Recently, Cora Gold signed a mandate letter for a $70 million ...
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GRL
Short-Term Debt & Capital Lease Obligation: €6.10 million
Debt-to-EBITDA ratio is a critical metric used to assess a company’s ability to pay off its debts.
ratio of -3.991.
For Goldstone Resources, the annualized EBITDA for the quarter ending June 2024 was reported at €-1.53 million, leading to an annualized Debt-to-EBITDA ratio of -3.991. A negative ratio suggests that the company is not generating enough earnings before interest, taxes, depreciation, and amortization (EBITDA) to cover its debt obligations.
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