Mako Gold Balance Sheet Health

Financial Health criteria checks 6/6

Mako Gold has a total shareholder equity of A$33.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$34.0M and A$925.1K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$827.71k
Equity	AU$33.06m
Total liabilities	AU$925.14k
Total assets	AU$33.98m

Recent financial health updates

Recent updates

Is Mako Gold (ASX:MKG) In A Good Position To Deliver On Growth Plans?

Aug 12

Is Mako Gold (ASX:MKG) In A Good Position To Invest In Growth?

Apr 29

We're A Little Worried About Mako Gold's (ASX:MKG) Cash Burn Rate

Dec 03

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Aug 18

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Mar 18

Financial Position Analysis

Short Term Liabilities: MKG's short term assets (A$919.3K) exceed its short term liabilities (A$800.3K).

Long Term Liabilities: MKG's short term assets (A$919.3K) exceed its long term liabilities (A$124.9K).

Debt to Equity History and Analysis

Debt Level: MKG is debt free.

Reducing Debt: MKG 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: MKG has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MKG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

Mako Gold Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Is Mako Gold (ASX:MKG) In A Good Position To Deliver On Growth Plans?

Is Mako Gold (ASX:MKG) In A Good Position To Invest In Growth?

We're A Little Worried About Mako Gold's (ASX:MKG) Cash Burn Rate

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Recent updates

New major risk - Shareholder dilution

Mako Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Mako Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Mako Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.

Insufficient new directors

Mako Gold Limited, Annual General Meeting, Nov 30, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

New major risk - Shareholder dilution

Mako Gold Limited has announced a Derivatives Offering in the amount of AUD 0.677999 million.

Mako Gold Limited has announced a Derivatives Offering in the amount of AUD 0.677999 million.

Mako Gold Limited Announces Infill Auger Commences on Highest Priority Targets At Napie

Mako Gold Limited Receives Assay Results from Structural Diamond Drill (DD) Hole from the Tchaga Prospect

Mako Gold Limited Receives Positive Results from Phase 1 of the 25,000m Auger Drilling Program on Napié Project

Mako Gold Limited Announces 25,000M Auger Program Commences At Napié

Mako Gold Limited, Annual General Meeting, Nov 09, 2022

Is Mako Gold (ASX:MKG) In A Good Position To Deliver On Growth Plans?

Mako Gold Limited Receives Highgrade Gold Discovery At Komboro Prospect At Napié

Mako Gold Limited Delivers 868Koz Maiden Resource to Provide Strong Growth Platform at Napié in Côte d'Ivoire

Mako Gold Limited Receives Assay Results from Shallow Aircore Drilling Program from Tchaga North and Komboro Prospects

Mako Gold Limited Receives the Final Assay Results from 49 Reverse Circulation and Diamond Drilling Holes from the Gogbala Prospect

Mako Gold Limited Receives the Final Assay Results from 49 Reverse Circulation and Diamond Drilling Holes from the Gogbala Prospect

Mako Gold Limited Announces Maiden RC Drill Program Commences at Korhogo Project

Mako Gold Limited Identifies 2Km Gold Anomaly At Korhogo, Maiden RC Drill Program Imminent

Is Mako Gold (ASX:MKG) In A Good Position To Invest In Growth?

Mako Gold Limited Receives Assay Results from 43 Reverse Circulation Holes from the Ongoing Drill Program at the Gogbala Prospect

Mako Gold Limited Announces Wide High-Grade Results Returned from Gogbala

Mako Gold Limited Announces Assay Results from 25 Reverse Circulation (RC) Holes from the Ongoing 10,000M Drill Program At the Gogbala Prospect

Mako Gold Limited Commences Aircore Drilling Program on the Komboro and Tchaga North Prospects at its Napié Project in Côte D'ivoire

Mako Gold Limited Announces 7,000M Auger Drilling Program Commences on Korhogo Project

Mako Gold Limited Announces High-Grade Gold from Drilling At Tchaga and Gogbala Projects

We're A Little Worried About Mako Gold's (ASX:MKG) Cash Burn Rate

Mako Gold Limited Announces High-Grade Drill Results At Gogbala Confirm Similarities with Tchaga

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Mako Gold Limited's Drilling Continues to Expand Mineralised Footprint at Tchaga

Mako Gold Limited Receives Assay Results for Further Reverse Circulation and Diamond Drilling Holes

Mako Gold Limited Announces Drilling Extends Gogbala Gold Mineralised Trend to over 7Km

Mako Gold Limited Announces Airborne Helicopter Geophysical Survey on the Korhogo Project

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Mako Gold Limited Announces Gogbala Results Confirm Potential for High-Grade Gold System

Mako Gold Limited Receives Assays for A Further 15 Reverse Circulation and 4 Diamond Drill Holes from the Ongoing Drill Program At the Tchaga Prospect

Mako Gold Limited Announces Exploration Commences on Recently Granted Korhogo Permits

Mako Gold Limited Increases Its Footprint in Côte D'ivoire with Granting of Ouangolodougou Permit

Mako Gold Limited Announces Second Drill Rig Added at Napié - 5,200M Drill Program Commenced on Gogbala Prospect

Mako Gold Limited Receives Assays for a Further 51 Reverse Circulation and 2 Diamond Drill Holes from the Ongoing RC and DD Program on the Company's Napié Project

Mako Gold Limited Announces That Shallow, High-Grade Gold Zone Confirmed At Tchaga with Assays Up to 143G/T Au

Mako Gold Limited Announces the Wide and High-Grade Intercepts Continue to Support Significant Gold Discovery At Tchaga

Mako Gold Limited Provides Update on Napié Exploration

Mako Gold Limited Announces Board Changes

Mako Gold Limited Announces Further Drilling Results at Tchaga Extend Gold Mineralisation 250M Along Strike

Mako Gold Limited announced that it expects to receive AUD 10 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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