Mayur Resources Balance Sheet Health

Financial Health criteria checks 2/6

Mayur Resources has a total shareholder equity of A$44.4M and total debt of A$13.0M, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are A$62.0M and A$17.6M respectively.

Key information

29.2%

Debt to equity ratio

AU$12.98m

Debt

Interest coverage ratio	n/a
Cash	AU$6.80m
Equity	AU$44.44m
Total liabilities	AU$17.56m
Total assets	AU$62.00m

Recent financial health updates

Recent updates

Mayur Resources (ASX:MRL) Is Carrying A Fair Bit Of Debt

Oct 10

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Mar 15

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Sep 27

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

Jun 21

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

Mar 17

Will Mayur Resources (ASX:MRL) Spend Its Cash Wisely?

Oct 26

We Think Mayur Resources (ASX:MRL) Needs To Drive Business Growth Carefully

Mar 17

Financial Position Analysis

Short Term Liabilities: MRL's short term assets (A$9.4M) do not cover its short term liabilities (A$17.5M).

Long Term Liabilities: MRL's short term assets (A$9.4M) exceed its long term liabilities (A$19.8K).

Debt to Equity History and Analysis

Debt Level: MRL's net debt to equity ratio (13.9%) is considered satisfactory.

Reducing Debt: MRL's debt to equity ratio has increased from 0% to 29.2% over the 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: MRL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MRL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.6% each year

Mayur Resources Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Mayur Resources (ASX:MRL) Is Carrying A Fair Bit Of Debt

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

Will Mayur Resources (ASX:MRL) Spend Its Cash Wisely?

Recent updates

Executive Chairman exercised options to buy AU$1.8m worth of stock.

Mayur Resources (ASX:MRL) Is Carrying A Fair Bit Of Debt

Mayur Resources Ltd, Annual General Meeting, Dec 11, 2024

New major risk - Financial position

Mayur Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 5 million.

An unknown buyer acquired 5% stake in Adyton Resources Corporation (TSXV:ADY) from Mayur Resources Ltd (ASX:MRL) for CAD0.3 million.

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Mayur Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 9.5 million.

New major risk - Financial position

Mayur Resources Ltd Appoints Musje Moses Werror as Director

Mayur Resources Ltd Appoints Musje Moses Werror as Director

Mayur Resources Limited Announces Board Changes

Mayur Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.75 million.

Mayur Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.75 million.

Mayur Resources Ltd announced that it expects to receive AUD 0.75 million in funding

Mayur Resources Limited Announces Board Changes, Effective 7 November 2023

Is Mayur Resources (ASX:MRL) Using Too Much Debt?

Mayur Resources Ltd, Annual General Meeting, Dec 13, 2023

New minor risk - Financial data availability

Executive Chairman recently sold AU$1.3m worth of stock

Mayur Resources Ltd Announces Orokolo Bay Roasting Test Work Confirms Presence of Additional Ilmenite Revenue Stream

Less than half of directors are independent

Insider recently bought AU$500k worth of stock

Mayur Resources Ltd Announces Board Changes

Mayur Resources Ltd, Annual General Meeting, Dec 15, 2022

Full year 2022 earnings released: AU$0.068 loss per share (vs AU$0.057 loss in FY 2021)

Less than half of directors are independent

Mayur Resources Ltd Announces Board Changes

Mayur Resources Limited Announces the Resignation of Hubert Namani as a Director of the Company

Mayur Resources Ltd Announces DFS Update For CCL Quicklime Project Phase 1

Mayur Renewables PNG Limited Receives Notices from the Papua New Guinea Forest Authority of Cancellation of Forest Carbon Concessions

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

High number of new and inexperienced directors

Is Mayur Resources (ASX:MRL) Using Debt In A Risky Way?

Mayur Resources Ltd announced that it has received AUD 2.85 million in funding

High number of new and inexperienced directors

Will Mayur Resources (ASX:MRL) Spend Its Cash Wisely?

Interim Independent Non Executive Chairman Frank Terranova has left the company

Mayur Project Receives Additional Customer Offtake Support

Customers Confirm Support for Mayur Lime Products

Mayur Resources Ltd announced that it expects to receive AUD 2.55 million in funding

We Think Mayur Resources (ASX:MRL) Needs To Drive Business Growth Carefully

Mayur Resources Limited Appoints Simon Slesarewich to Lead Iron and Industrial Mineral Sands Business

New 90-day low: AU$0.29

New 90-day low: AU$0.30

Mayur Resources Ltd announced that it expects to receive AUD 5.500002 million in funding

Mayur Resources Ltd, Annual General Meeting, Dec 16, 2020

New 90-day low: AU$0.37

Mayur Resources Ltd Announces Board Changes

Full year earnings released - AU$0.022 loss per share

Mayur Resources Ltd. Indigenous Energy Resources Increased At Depot Creek Project in Papua New Guinea

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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