Magmatic Resources Balance Sheet Health
Financial Health criteria checks 6/6
Magmatic Resources has a total shareholder equity of A$9.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$10.4M and A$1.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.34m |
| Equity | AU$9.30m |
| Total liabilities | AU$1.11m |
| Total assets | AU$10.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAG's short term assets (A$6.6M) exceed its short term liabilities (A$588.7K).
Long Term Liabilities: MAG's short term assets (A$6.6M) exceed its long term liabilities (A$520.8K).
Debt to Equity History and Analysis
Debt Level: MAG is debt free.
Reducing Debt: MAG 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: MAG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MAG has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 17.3% each year.