M3 Mining Balance Sheet Health
Financial Health criteria checks 6/6
M3 Mining has a total shareholder equity of A$2.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$2.2M and A$213.9K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.93m |
Equity | AU$1.95m |
Total liabilities | AU$213.90k |
Total assets | AU$2.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M3M's short term assets (A$2.1M) exceed its short term liabilities (A$213.9K).
Long Term Liabilities: M3M has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: M3M is debt free.
Reducing Debt: M3M has not had any debt for 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: M3M has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: M3M has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 48.8% each year.