Magnum Mining and Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Magnum Mining and Exploration has a total shareholder equity of A$11.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$12.6M and A$869.0K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$2.64m |
Equity | AU$11.68m |
Total liabilities | AU$868.98k |
Total assets | AU$12.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGU's short term assets (A$2.9M) exceed its short term liabilities (A$352.4K).
Long Term Liabilities: MGU's short term assets (A$2.9M) exceed its long term liabilities (A$516.6K).
Debt to Equity History and Analysis
Debt Level: MGU is debt free.
Reducing Debt: MGU has no debt compared to 5 years ago when its debt to equity ratio was 49%.
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: MGU has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MGU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.2% each year