Meridian Mining UK Societas Balance Sheet Health
Financial Health criteria checks 5/6
Meridian Mining UK Societas has a total shareholder equity of $15.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $17.5M and $2.4M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.10m |
| Equity | US$15.02m |
| Total liabilities | US$2.43m |
| Total assets | US$17.45m |
Recent financial health updates
We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth
Jan 10
Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?
Sep 09We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely
Nov 05We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate
Jul 14Here's Why We're Watching Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation
Mar 14Will Meridian Mining UK Societas (CVE:MNO) Spend Its Cash Wisely?
Nov 29Recent updates
We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth
Jan 10Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?
Sep 09We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely
Nov 05We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate
Jul 14Here's Why We're Watching Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation
Mar 14Will Meridian Mining UK Societas (CVE:MNO) Spend Its Cash Wisely?
Nov 29Here's Why We're Not Too Worried About Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation
Aug 10Financial Position Analysis
Short Term Liabilities: MNO's short term assets ($7.5M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: MNO's short term assets ($7.5M) exceed its long term liabilities ($29.9K).
Debt to Equity History and Analysis
Debt Level: MNO is debt free.
Reducing Debt: MNO has no debt compared to 5 years ago when its debt to equity ratio was 3468.8%.
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: MNO has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if MNO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.