Marathon Gold Balance Sheet Health
Financial Health criteria checks 3/6
Marathon Gold has a total shareholder equity of CA$369.2M and total debt of CA$329.1M, which brings its debt-to-equity ratio to 89.1%. Its total assets and total liabilities are CA$855.1M and CA$485.9M respectively.
Key information
89.1%
Debt to equity ratio
CA$329.11m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$71.03m |
| Equity | CA$369.19m |
| Total liabilities | CA$485.87m |
| Total assets | CA$855.07m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MOZ's short term assets (CA$99.4M) exceed its short term liabilities (CA$59.3M).
Long Term Liabilities: MOZ's short term assets (CA$99.4M) do not cover its long term liabilities (CA$426.6M).
Debt to Equity History and Analysis
Debt Level: MOZ's net debt to equity ratio (69.9%) is considered high.
Reducing Debt: MOZ's debt to equity ratio has increased from 0% to 89.1% 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: MOZ has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MOZ is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.