Minera IRL Balance Sheet Health
Financial Health criteria checks 2/6
Minera IRL has a total shareholder equity of $41.8M and total debt of $94.1M, which brings its debt-to-equity ratio to 225%. Its total assets and total liabilities are $182.0M and $140.1M respectively.
Key information
225.0%
Debt to equity ratio
US$94.13m
Debt
Interest coverage ratio | n/a |
Cash | US$997.00k |
Equity | US$41.83m |
Total liabilities | US$140.13m |
Total assets | US$181.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRL's short term assets ($9.3M) do not cover its short term liabilities ($130.7M).
Long Term Liabilities: MIRL's short term assets ($9.3M) do not cover its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: MIRL's net debt to equity ratio (222.7%) is considered high.
Reducing Debt: MIRL's debt to equity ratio has increased from 121.9% to 225% 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: Whilst unprofitable MIRL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MIRL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.4% per year.