Magnetite Mines Balance Sheet Health
Financial Health criteria checks 6/6
Magnetite Mines has a total shareholder equity of A$38.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$40.2M and A$1.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$4.35m |
Equity | AU$38.92m |
Total liabilities | AU$1.30m |
Total assets | AU$40.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGT's short term assets (A$4.8M) exceed its short term liabilities (A$1.2M).
Long Term Liabilities: MGT's short term assets (A$4.8M) exceed its long term liabilities (A$55.4K).
Debt to Equity History and Analysis
Debt Level: MGT is debt free.
Reducing Debt: MGT has no debt compared to 5 years ago when its debt to equity ratio was 36.2%.
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: MGT has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MGT is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.