Magnetic Resources Balance Sheet Health
Financial Health criteria checks 6/6
Magnetic Resources has a total shareholder equity of A$8.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$9.7M and A$885.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.22m |
| Equity | AU$8.85m |
| Total liabilities | AU$885.76k |
| Total assets | AU$9.74m |
Recent financial health updates
We're Keeping An Eye On Magnetic Resources' (ASX:MAU) Cash Burn Rate
Mar 07
Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?
Oct 20Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?
Jun 27Recent updates
We're Keeping An Eye On Magnetic Resources' (ASX:MAU) Cash Burn Rate
Mar 07Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?
Oct 20Is Magnetic Resources (ASX:MAU) In A Good Position To Deliver On Growth Plans?
Jun 27What Is The Ownership Structure Like For Magnetic Resources NL (ASX:MAU)?
Feb 24What Kind Of Investors Own Most Of Magnetic Resources NL (ASX:MAU)?
Jul 29
Financial Position Analysis
Short Term Liabilities: MAU's short term assets (A$9.6M) exceed its short term liabilities (A$885.8K).
Long Term Liabilities: MAU has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAU is debt free.
Reducing Debt: MAU 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: MAU has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MAU is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.