KORE Mining Balance Sheet Health
Financial Health criteria checks 3/6
KORE Mining has a total shareholder equity of CA$1.5M and total debt of CA$304.2K, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are CA$2.3M and CA$788.4K respectively.
Key information
20.4%
Debt to equity ratio
CA$304.22k
Debt
Interest coverage ratio | n/a |
Cash | CA$38.40k |
Equity | CA$1.49m |
Total liabilities | CA$788.41k |
Total assets | CA$2.28m |
Financial Position Analysis
Short Term Liabilities: KORE's short term assets (CA$106.8K) do not cover its short term liabilities (CA$788.4K).
Long Term Liabilities: KORE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: KORE's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: KORE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: KORE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.3% each year