McChip Resources Balance Sheet Health
Financial Health criteria checks 3/6
McChip Resources has a total shareholder equity of CA$10.0M and total debt of CA$2.0M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are CA$12.3M and CA$2.3M respectively.
Key information
20.4%
Debt to equity ratio
CA$2.05m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$10.54m |
| Equity | CA$10.02m |
| Total liabilities | CA$2.26m |
| Total assets | CA$12.28m |
Recent financial health updates
Recent updates
Estimating The Fair Value Of McChip Resources Inc. (CVE:MCS)
Oct 09
McChip Resources (CVE:MCS) Will Pay A Smaller Dividend Than Last Year
Jan 15McChip Resources (CVE:MCS) Has Debt But No Earnings; Should You Worry?
Aug 26Estimating The Fair Value Of McChip Resources Inc. (CVE:MCS)
Jan 17Estimating The Intrinsic Value Of McChip Resources Inc. (CVE:MCS)
May 26Key Things To Consider Before Buying McChip Resources Inc. (CVE:MCS) For Its Dividend
Apr 13Why You Might Be Interested In McChip Resources Inc. (CVE:MCS) For Its Upcoming Dividend
Jan 08
Here's Why We Don't Think McChip Resources's (CVE:MCS) Statutory Earnings Reflect Its Underlying Earnings Potential
Nov 27Financial Position Analysis
Short Term Liabilities: MCS's short term assets (CA$11.3M) exceed its short term liabilities (CA$2.3M).
Long Term Liabilities: MCS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MCS has more cash than its total debt.
Reducing Debt: MCS's debt to equity ratio has increased from 17.6% to 20.4% over the past 5 years.
Debt Coverage: MCS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MCS's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
McChip Resources Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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