MetalsGrove Mining Balance Sheet Health
Financial Health criteria checks 6/6
MetalsGrove Mining has a total shareholder equity of A$7.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.3M and A$105.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.40m |
Equity | AU$7.18m |
Total liabilities | AU$105.55k |
Total assets | AU$7.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGA's short term assets (A$1.4M) exceed its short term liabilities (A$105.5K).
Long Term Liabilities: MGA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MGA is debt free.
Reducing Debt: MGA 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: MGA has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MGA has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 88.2% each year.