Meryllion Resources Balance Sheet Health

Financial Health criteria checks 1/6

Meryllion Resources has a total shareholder equity of CA$67.0K and total debt of CA$50.0K, which brings its debt-to-equity ratio to 74.7%. Its total assets and total liabilities are CA$284.6K and CA$217.6K respectively.

Key information

74.7%

Debt to equity ratio

CA$50.00k

Debt

Interest coverage ratio	n/a
Cash	CA$1.58k
Equity	CA$66.97k
Total liabilities	CA$217.60k
Total assets	CA$284.57k

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MYR's short term assets (CA$45.2K) do not cover its short term liabilities (CA$217.6K).

Long Term Liabilities: MYR has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MYR's net debt to equity ratio (72.3%) is considered high.

Reducing Debt: MYR's debt to equity ratio has increased from 0% to 74.7% 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: MYR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MYR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.5% each year

Meryllion Resources Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Recent updates

New major risk - Financial position

Less than half of directors are independent

Meryllion Resources Corp., Annual General Meeting, May 07, 2024

Meryllion Resources Corp., Annual General Meeting, May 07, 2024

New major risk - Shareholder dilution

New major risk - Negative shareholders equity

Meryllion Resources Corp. announced that it has received CAD 0.320465 million in funding

Meryllion Resources Corp. announced that it expects to receive CAD 1.192 million in funding

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Meryllion Resources Corp. Announces First Phase of Exploration on the Mt Turner Cu-Mo-Au Project in North Queensland

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Meryllion Resources Corp. announced that it has received CAD 0.40005 million in funding from Croesus Mining Pty Ltd

Meryllion Resources Corporation Announce Executive Changes

Less than half of directors are independent

Meryllion Resources Corp. announced that it expects to receive CAD 0.4 million in funding

Less than half of directors are independent

Meryllion Resources Corp. Announces the Successful Completion of A Technical Due Diligence to Its Oldham Range and the Receipt of A Government Grant in Support of the Proposed Work Program

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Meryllion Resources Corp. announced that it has received CAD 0.7488 million in funding from Croesus Mining Pty Ltd

Meryllion Resources Corp. announced that it expects to receive CAD 0.75 million in funding

Meryllion Resources Corp. Announces Executive Changes

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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