Max Power Mining Balance Sheet Health

Financial Health criteria checks 6/6

Max Power Mining has a total shareholder equity of CA$10.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.3M and CA$39.3K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.07m
Equity	CA$10.25m
Total liabilities	CA$39.31k
Total assets	CA$10.29m

Recent financial health updates

We're Not Very Worried About Max Power Mining's (CSE:MAXX) Cash Burn Rate

Jul 21

Here's Why We're Not At All Concerned With Max Power Mining's (CSE:MAXX) Cash Burn Situation

Sep 02

Recent updates

We're Not Very Worried About Max Power Mining's (CSE:MAXX) Cash Burn Rate

Jul 21

Here's Why We're Not At All Concerned With Max Power Mining's (CSE:MAXX) Cash Burn Situation

Sep 02

Financial Position Analysis

Short Term Liabilities: MAXX's short term assets (CA$1.1M) exceed its short term liabilities (CA$39.3K).

Long Term Liabilities: MAXX has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MAXX is debt free.

Reducing Debt: MAXX has not had any debt for 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: MAXX has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MAXX is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.

Max Power Mining Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

We're Not Very Worried About Max Power Mining's (CSE:MAXX) Cash Burn Rate

Here's Why We're Not At All Concerned With Max Power Mining's (CSE:MAXX) Cash Burn Situation

Recent updates

Max Power Mining Corp. announced that it expects to receive CAD 1 million in funding

MAX Power Mining Corp. Announces CEO Changes

New major risk - Share price stability

New major risk - Market cap size

MAX Power Mining Corp. Commences Natural Hydrogen Exploration At Rider Project in Saskatchewan, Expands into Ontario-Quebec

New major risk - Financial position

Max Power Nearly Triples Size of Rider Natural Hydrogen Project, Stakes 2,112 Additional Sq. Km

MAX Power Mining Corp. Uncovers Canada’s Large Natural Hydrogen Target Area, Stakes 1,244 Sq. Km Historical Hydrogen Grades Up to 96.4%

Max Power Mining Corp., Annual General Meeting, Sep 04, 2024

Insufficient new directors

MAX Power Mining Corp. Announces Resignation of Mark Scott as Director

Max Power Mining Corp. announced that it has received CAD 1.90042 million in funding

Max Power Mining Corp. announced that it has received CAD 1.90042 million in funding

Max Power Mining Corp. announced that it expects to receive CAD 1.6575 million in funding

MAX Power Mining Corp. Makes High-Grade Lithium Discovery at Arizona's Willcox Playa

New major risk - Market cap size

Max Power Mining Corp. Extends Strike Length of Willcox Lithium Discovery to 3 Miles

MAX Power Mining Corp. Expands Scale of its Willcox Lithium Discovery in Arizona

Max Power Extends Lithium Discovery At Willcox with Large Step-Out from First Drill Hole

High number of new and inexperienced directors

MAX Power Mining Corp.'s First Drill Hole Supports New Lithium Discovery in Western United States

Max Power Mining Corp. announced that it has received CAD 1.1001 million in funding

Max Power Mining Corp. announced that it expects to receive CAD 1 million in funding

Max Power Commences Drilling on Lithium Targets Measuring as Thick as 1,600 Metres At Willcox, Arizona

Max Power Mining Corp. Receives Drill Permit for Willcox Playa Lithium Project

Max Power Mining Corp. Announces Completion of Geophysics Survey by Hasbrouck Geophysics over Its 100%-Owned Willcox Playa Project in Arizona

We're Not Very Worried About Max Power Mining's (CSE:MAXX) Cash Burn Rate

Max Power Mining Corp. (CNSX:MAXX) agreed to acquire 802 claims or 336 sq. km at Raglan South from consortium of six sellers made up of Shawn Ryan et al. for CAD 0.74654 million.

MAX Power Mining Corp. Launches Lithium Exploration Program in Nunavik, Quebec

Max Power Mining Corp., Annual General Meeting, Jul 28, 2023

Max Power Mining Appoints Peter Lauder as Senior Geologist and Exploration Manager

Max Power Mining Corp. (CNSX:MAXX) entered into a purchase and sale agreement to acquire Lithium Properties in James Bay District Corvette Camp from Canadian Li Inc. for CAD 3.6 million.

Max Power Mining Corp. announced that it has received CAD 1.854 million in funding

Max Power Mining Corp. announced that it expects to receive CAD 1.5 million in funding

Less than half of directors are independent

Max Power Mining Corp. Identifies New Zinc Zone at Nicobat

Here's Why We're Not At All Concerned With Max Power Mining's (CSE:MAXX) Cash Burn Situation

Less than half of directors are independent

Max Power Mining Corp., Annual General Meeting, Jul 25, 2022

Max Power Mining Corp. announced that it has received CAD 2.215 million in funding

Max Power Mining Corp. announced that it has received CAD 2.215 million in funding

Max Power Mining Corp. Announces Appointment of Mark Scott to Its Board of Directors

Max Power Mining Corp. has completed an IPO in the amount of CAD 1.5 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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