Montego Resources Balance Sheet Health
Financial Health criteria checks 2/6
Montego Resources has a total shareholder equity of CA$74.8K and total debt of CA$392.6K, which brings its debt-to-equity ratio to 524.8%. Its total assets and total liabilities are CA$1.4M and CA$1.3M respectively.
Key information
524.8%
Debt to equity ratio
CA$392.64k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.63k |
| Equity | CA$74.81k |
| Total liabilities | CA$1.30m |
| Total assets | CA$1.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MY's short term assets (CA$16.5K) do not cover its short term liabilities (CA$1.3M).
Long Term Liabilities: MY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MY's net debt to equity ratio (521.3%) is considered high.
Reducing Debt: MY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 less than a year of cash runway 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 53.6% each year.