KORE Mining Balance Sheet Health
Financial Health criteria checks 4/6
KORE Mining has a total shareholder equity of CA$1.1M and total debt of CA$383.8K, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CA$2.0M and CA$905.1K respectively.
Key information
34.4%
Debt to equity ratio
CA$383.81k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.46k |
| Equity | CA$1.11m |
| Total liabilities | CA$905.14k |
| Total assets | CA$2.02m |
Financial Position Analysis
Short Term Liabilities: KORE's short term assets (CA$57.7K) do not cover its short term liabilities (CA$905.1K).
Long Term Liabilities: KORE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: KORE's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: KORE's debt to equity ratio has increased from 0% to 34.4% 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: KORE has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: KORE is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.