McChip Resources Balance Sheet Health
Financial Health criteria checks 3/6
McChip Resources has a total shareholder equity of CA$9.8M and total debt of CA$1.9M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are CA$12.0M and CA$2.2M respectively.
Key information
19.9%
Debt to equity ratio
CA$1.94m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$10.24m |
| Equity | CA$9.77m |
| Total liabilities | CA$2.19m |
| Total assets | CA$11.96m |
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$11.0M) exceed its short term liabilities (CA$2.2M).
Long Term Liabilities: MCS's short term assets (CA$11.0M) exceed its long term liabilities (CA$3.8K).
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 8.5% to 19.9% 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.