Maritime Resources Balance Sheet Health
Financial Health criteria checks 2/6
Maritime Resources has a total shareholder equity of CA$39.6M and total debt of CA$5.6M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CA$53.1M and CA$13.6M respectively.
Key information
14.1%
Debt to equity ratio
CA$5.56m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.15m |
Equity | CA$39.57m |
Total liabilities | CA$13.56m |
Total assets | CA$53.13m |
Recent financial health updates
Is Maritime Resources (CVE:MAE) Using Too Much Debt?
Jun 11Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?
Apr 12Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?
Nov 30Recent updates
Is Maritime Resources (CVE:MAE) Using Too Much Debt?
Jun 11An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued
Mar 03Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?
Apr 12Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?
Nov 30Financial Position Analysis
Short Term Liabilities: MAE's short term assets (CA$2.7M) exceed its short term liabilities (CA$556.9K).
Long Term Liabilities: MAE's short term assets (CA$2.7M) do not cover its long term liabilities (CA$13.0M).
Debt to Equity History and Analysis
Debt Level: MAE's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: MAE's debt to equity ratio has increased from 0% to 14.1% 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: MAE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MAE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.2% each year