MegaWatt Lithium and Battery Metals Balance Sheet Health
Financial Health criteria checks 3/6
MegaWatt Lithium and Battery Metals has a total shareholder equity of CA$4.0M and total debt of CA$80.8K, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CA$4.5M and CA$486.8K respectively.
Key information
2.0%
Debt to equity ratio
CA$80.79k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$78.26k |
| Equity | CA$4.01m |
| Total liabilities | CA$486.82k |
| Total assets | CA$4.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGA's short term assets (CA$169.0K) do not cover its short term liabilities (CA$486.8K).
Long Term Liabilities: MEGA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MEGA's net debt to equity ratio (0.06%) is considered satisfactory.
Reducing Debt: MEGA's debt to equity ratio has reduced from 15.4% to 2% over the 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: MEGA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEGA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.7% each year