Magmatic Resources Balance Sheet Health
Financial Health criteria checks 6/6
Magmatic Resources has a total shareholder equity of A$2.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.6M and A$996.1K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$842.00k |
| Equity | AU$2.59m |
| Total liabilities | AU$996.14k |
| Total assets | AU$3.59m |
Financial Position Analysis
Short Term Liabilities: MAG's short term assets (A$955.8K) exceed its short term liabilities (A$415.2K).
Long Term Liabilities: MAG's short term assets (A$955.8K) exceed its long term liabilities (A$580.9K).
Debt to Equity History and Analysis
Debt Level: MAG is debt free.
Reducing Debt: MAG had no debt 5 years ago.
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: MAG has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MAG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.