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Bankruptcy Probability

Argo Gold Inc's probability of bankruptcy is 24.5%, signalling a meaningful chance of default. The solvency score is 17/100 — a sign of moderate financial strength.

We take all the information about a company's solvency, such as how easily it can pay interest on outstanding debt, how much cash it has, the amount of debt, and more, and use it to estimate the probability of bankruptcy.

Very High
Probability of Bankruptcy

Financial Position

Cash & Short-Term Investments
+
3Y
+28%
5Y
-94%
10Y
-
Long-Term Investments
+
3Y
-
5Y
-
10Y
-
Debt
+
3Y
+47%
5Y
-
10Y
-

Solvency Ratios

Solvency Ratios Comparison
Argo Gold Inc Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
CA
Argo Gold Inc
CNSX:ARQ
7.3m CAD
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ZA
Gold Fields Ltd
JSE:GFI
544B ZAR
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ZA
Harmony Gold Mining Company Ltd
JSE:HAR
172.9B ZAR
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US
Newmont Corporation
NYSE:NEM
122B USD
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CN
Zijin Mining Group Co Ltd
SSE:601899
781.2B CNY
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CA
Agnico Eagle Mines Ltd
TSX:AEM
134.8B CAD
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CA
Barrick Gold Corp
TSX:ABX
94.7B CAD
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CA
Barrick Mining Corp
F:ABR0
58.7B EUR
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CA
Wheaton Precious Metals Corp
TSX:WPM
85.8B CAD
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HK
Zijin Gold International Co Ltd
HKEX:2259
384.1B HKD
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CA
Franco-Nevada Corp
TSX:FNV
65.9B CAD
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Is Argo Gold Inc at risk of bankruptcy?

Argo Gold Inc's probability of bankruptcy is 24.5%, signalling a meaningful chance of default.

The probability of bankruptcy is estimated using credit risk models that assess financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Argo Gold Inc have?

As of the latest report, Argo Gold Inc has total debt of 1.1m CAD. This includes both short-term (1.1m CAD) and long-term (0 CAD) debt.

You can find a full breakdown on its Balance Sheet.

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