Green Mining Innovation Balance Sheet Health
Financial Health criteria checks 5/6
Green Mining Innovation has a total shareholder equity of CA$1.7M and total debt of CA$143.5K, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CA$2.2M and CA$490.3K respectively.
Key information
8.5%
Debt to equity ratio
CA$143.52k
Debt
Interest coverage ratio | n/a |
Cash | CA$436.96k |
Equity | CA$1.68m |
Total liabilities | CA$490.29k |
Total assets | CA$2.17m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GMI's short term assets (CA$468.4K) do not cover its short term liabilities (CA$490.3K).
Long Term Liabilities: GMI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GMI has more cash than its total debt.
Reducing Debt: GMI's debt to equity ratio has reduced from 13.2% to 8.5% 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: GMI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GMI has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 14.9% each year.