Maritime Launch Services Balance Sheet Health
Financial Health criteria checks 3/6
Maritime Launch Services has a total shareholder equity of CA$2.4M and total debt of CA$7.0M, which brings its debt-to-equity ratio to 292.6%. Its total assets and total liabilities are CA$13.5M and CA$11.1M respectively.
Key information
292.6%
Debt to equity ratio
CA$6.96m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$643.42k |
| Equity | CA$2.38m |
| Total liabilities | CA$11.07m |
| Total assets | CA$13.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAXQ's short term assets (CA$1.0M) do not cover its short term liabilities (CA$10.9M).
Long Term Liabilities: MAXQ's short term assets (CA$1.0M) exceed its long term liabilities (CA$146.9K).
Debt to Equity History and Analysis
Debt Level: MAXQ's net debt to equity ratio (265.6%) is considered high.
Reducing Debt: Insufficient data to determine if MAXQ's debt to equity ratio has reduced 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: MAXQ has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MAXQ is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.