Green Mining Innovation Balance Sheet Health
Financial Health criteria checks 3/6
Green Mining Innovation has a total shareholder equity of CA$1.4M and total debt of CA$167.5K, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are CA$1.9M and CA$536.0K respectively.
Key information
11.9%
Debt to equity ratio
CA$167.50k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$127.35k |
| Equity | CA$1.40m |
| Total liabilities | CA$536.00k |
| Total assets | CA$1.94m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GMI's short term assets (CA$176.7K) do not cover its short term liabilities (CA$476.0K).
Long Term Liabilities: GMI's short term assets (CA$176.7K) exceed its long term liabilities (CA$60.0K).
Debt to Equity History and Analysis
Debt Level: GMI's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: GMI's debt to equity ratio has reduced from 21.4% to 11.9% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GMI has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.6% each year.