Montego Resources Balance Sheet Health
Financial Health criteria checks 2/6
Montego Resources has a total shareholder equity of CA$333.9K and total debt of CA$872.5K, which brings its debt-to-equity ratio to 261.3%. Its total assets and total liabilities are CA$2.0M and CA$1.7M respectively.
Key information
261.3%
Debt to equity ratio
CA$872.53k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$525.76k |
| Equity | CA$333.86k |
| Total liabilities | CA$1.70m |
| Total assets | CA$2.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MY's short term assets (CA$531.3K) do not cover its short term liabilities (CA$1.7M).
Long Term Liabilities: MY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MY's net debt to equity ratio (103.9%) is considered high.
Reducing Debt: MY's debt to equity ratio has increased from 44.4% to 261.3% 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: MY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MY has less than a year of cash runway if free cash flow continues to grow at historical rates of 57.2% each year.