MC Mining Balance Sheet Health
Financial Health criteria checks 1/6
MC Mining has a total shareholder equity of $83.8M and total debt of $18.3M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are $124.8M and $41.0M respectively.
Key information
21.9%
Debt to equity ratio
US$18.34m
Debt
Interest coverage ratio | n/a |
Cash | US$3.38m |
Equity | US$83.77m |
Total liabilities | US$41.01m |
Total assets | US$124.78m |
Financial Position Analysis
Short Term Liabilities: MCM's short term assets ($10.7M) do not cover its short term liabilities ($28.5M).
Long Term Liabilities: MCM's short term assets ($10.7M) do not cover its long term liabilities ($12.5M).
Debt to Equity History and Analysis
Debt Level: MCM's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: MCM's debt to equity ratio has increased from 9.8% to 21.9% 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: MCM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MCM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.9% each year