Mega Uranium Balance Sheet Health
Financial Health criteria checks 3/6
Mega Uranium has a total shareholder equity of CA$212.8M and total debt of CA$17.2M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CA$238.4M and CA$25.6M respectively.
Key information
8.1%
Debt to equity ratio
CA$17.21m
Debt
Interest coverage ratio | n/a |
Cash | CA$32.97m |
Equity | CA$212.76m |
Total liabilities | CA$25.60m |
Total assets | CA$238.36m |
Financial Position Analysis
Short Term Liabilities: MGA's short term assets (CA$33.2M) exceed its short term liabilities (CA$19.3M).
Long Term Liabilities: MGA's short term assets (CA$33.2M) exceed its long term liabilities (CA$6.3M).
Debt to Equity History and Analysis
Debt Level: MGA has more cash than its total debt.
Reducing Debt: MGA's debt to equity ratio has increased from 0% to 8.1% over the past 5 years.
Debt Coverage: MGA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MGA's interest payments on its debt are well covered by EBIT.