Midori Carbon Balance Sheet Health
Financial Health criteria checks 6/6
Midori Carbon has a total shareholder equity of CA$932.4K and total debt of CA$168.6K, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are CA$1.2M and CA$222.8K respectively.
Key information
18.1%
Debt to equity ratio
CA$168.61k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.13m |
| Equity | CA$932.39k |
| Total liabilities | CA$222.79k |
| Total assets | CA$1.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIDO's short term assets (CA$1.2M) exceed its short term liabilities (CA$222.8K).
Long Term Liabilities: MIDO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MIDO has more cash than its total debt.
Reducing Debt: MIDO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: MIDO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MIDO has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 61.7% each year.