Canagold Resources Ltd Financials
This page shows Canagold Resources Ltd (CRCUF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Canagold Resources Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Canagold Resources Ltd generates $0.32 in operating cash flow (-$364K OCF vs -$1.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Canagold Resources Ltd reported -$1.1M in net income in fiscal year 2024. This represents an increase of 63.2% from the prior year.
Cash & Balance Sheet
Canagold Resources Ltd held $676K in cash against $88K in long-term debt as of fiscal year 2024.
Canagold Resources Ltd had 174M shares outstanding in fiscal year 2024. This represents an increase of 10.5% from the prior year.
Margins & Returns
Canagold Resources Ltd's ROE was -3.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.2 percentage points from the prior year.
Capital Allocation
CRCUF Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'17 | Q4'16 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CRCUF Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'17 | Q4'16 |
|---|---|---|---|---|---|---|---|
| Total Assets | $32.7M-1.4% | $33.2M+1.8% | $32.6M+18.3% | $27.6M+16.7% | $23.6M+19.6% | $19.8M+0.3% | $19.7M |
| Current Assets | $1.1M-78.3% | $5.3M-9.3% | $5.8M+54.6% | $3.8M-51.4% | $7.7M+49.0% | $5.2M-43.4% | $9.2M |
| Cash & Equivalents | $676K-76.0% | $2.8M-26.5% | $3.8M+90.5% | $2.0M-67.2% | $6.1M+42.1% | $4.3M-46.7% | $8.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $247K-73.3% | $924K-18.3% | $1.1M+151.3% | $450K+51.5% | $297K+197.0% | $100K-29.6% | $142K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.8M+11.1% | $2.5M-20.1% | $3.1M+141.5% | $1.3M+145.2% | $526K+37.3% | $383K+279.2% | $101K |
| Current Liabilities | $990K+38.7% | $714K-49.9% | $1.4M+20.5% | $1.2M+203.3% | $390K+57.9% | $247K+144.6% | $101K |
| Long-Term Debt | $88K-42.5% | $153K-21.5% | $195K | $0-100.0% | $20K | N/A | N/A |
| Total Equity | $30.0M-2.5% | $30.7M+4.2% | $29.5M+12.2% | $26.3M+13.8% | $23.1M+19.3% | $19.4M-1.2% | $19.6M |
| Retained Earnings | -$56.6M-2.0% | -$55.5M-5.2% | -$52.8M-3.3% | -$51.1M-3.7% | -$49.3M-7.0% | -$46.1M-4.4% | -$44.1M |
CRCUF Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'17 | Q4'16 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CRCUF Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'17 | Q4'16 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.15-6.2 | 7.38+3.3 | 4.08+0.9 | 3.18-16.7 | 19.84-1.2 | 21.02-69.8 | 90.85 |
| Debt-to-Equity | 0.000.0 | 0.010.0 | 0.010.0 | 0.000.0 | 0.00-0.0 | 0.02+0.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Canagold Resources Ltd profitable?
No, Canagold Resources Ltd (CRCUF) reported a net income of -$1.1M in fiscal year 2024.
How much debt does Canagold Resources Ltd have?
As of fiscal year 2024, Canagold Resources Ltd (CRCUF) had $676K in cash and equivalents against $88K in long-term debt.
What is Canagold Resources Ltd's return on equity (ROE)?
Canagold Resources Ltd (CRCUF) has a return on equity of -3.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Canagold Resources Ltd's operating cash flow?
Canagold Resources Ltd (CRCUF) generated -$364K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Canagold Resources Ltd's total assets?
Canagold Resources Ltd (CRCUF) had $32.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Canagold Resources Ltd's current ratio?
Canagold Resources Ltd (CRCUF) had a current ratio of 1.15 as of fiscal year 2024, which is considered adequate.
What is Canagold Resources Ltd's debt-to-equity ratio?
Canagold Resources Ltd (CRCUF) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Canagold Resources Ltd's return on assets (ROA)?
Canagold Resources Ltd (CRCUF) had a return on assets of -3.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Canagold Resources Ltd's cash runway?
Based on fiscal year 2024 data, Canagold Resources Ltd (CRCUF) had $676K in cash against an annual operating cash burn of $364K. This gives an estimated cash runway of approximately 22 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Canagold Resources Ltd's Piotroski F-Score?
Canagold Resources Ltd (CRCUF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Canagold Resources Ltd's earnings high quality?
Canagold Resources Ltd (CRCUF) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.