Mayo Lake Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Mayo Lake Minerals has a total shareholder equity of CA$5.1M and total debt of CA$224.0K, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CA$5.8M and CA$730.2K respectively.
Key information
4.4%
Debt to equity ratio
CA$223.96k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.89k |
| Equity | CA$5.10m |
| Total liabilities | CA$730.19k |
| Total assets | CA$5.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLKM's short term assets (CA$29.4K) do not cover its short term liabilities (CA$506.2K).
Long Term Liabilities: MLKM's short term assets (CA$29.4K) do not cover its long term liabilities (CA$224.0K).
Debt to Equity History and Analysis
Debt Level: MLKM's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MLKM's debt to equity ratio has reduced 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: MLKM has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MLKM is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.