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Mincor Resources Balance Sheet Health

Financial Health criteria checks 3/6

Mincor Resources has a total shareholder equity of A$102.2M and total debt of A$29.4M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are A$277.6M and A$175.4M respectively.

Key information

28.7%

Debt to equity ratio

AU$29.37m

Debt

Interest coverage ration/a
CashAU$85.10m
EquityAU$102.16m
Total liabilitiesAU$175.42m
Total assetsAU$277.59m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MCR's short term assets (A$106.3M) do not cover its short term liabilities (A$137.4M).

Long Term Liabilities: MCR's short term assets (A$106.3M) exceed its long term liabilities (A$38.1M).


Debt to Equity History and Analysis

Debt Level: MCR has more cash than its total debt.

Reducing Debt: MCR's debt to equity ratio has increased from 0% to 28.7% 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: MCR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MCR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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