Maritime Resources Balance Sheet Health
Financial Health criteria checks 4/6
Maritime Resources has a total shareholder equity of CA$38.0M and total debt of CA$5.8M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are CA$51.9M and CA$13.9M respectively.
Key information
15.3%
Debt to equity ratio
CA$5.81m
Debt
Interest coverage ratio | n/a |
Cash | CA$651.14k |
Equity | CA$38.03m |
Total liabilities | CA$13.89m |
Total assets | CA$51.93m |
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$1.3M) exceed its short term liabilities (CA$699.4K).
Long Term Liabilities: MAE's short term assets (CA$1.3M) do not cover its long term liabilities (CA$13.2M).
Debt to Equity History and Analysis
Debt Level: MAE's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: MAE's debt to equity ratio has increased from 0% to 15.3% 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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MAE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.