Midland Exploration Balance Sheet Health
Financial Health criteria checks 6/6
Midland Exploration has a total shareholder equity of CA$39.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$42.6M and CA$3.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.92m |
| Equity | CA$39.57m |
| Total liabilities | CA$3.05m |
| Total assets | CA$42.62m |
Recent financial health updates
Recent updates
We're Hopeful That Midland Exploration (CVE:MD) Will Use Its Cash Wisely
Jun 26
We Think Some Shareholders May Hesitate To Increase Midland Exploration Inc.'s (CVE:MD) CEO Compensation
Feb 03Shareholders Will Probably Hold Off On Increasing Midland Exploration Inc.'s (CVE:MD) CEO Compensation For The Time Being
Feb 18How Much Does Midland Exploration's (CVE:MD) CEO Make?
Jan 11Financial Position Analysis
Short Term Liabilities: MD's short term assets (CA$7.4M) exceed its short term liabilities (CA$3.1M).
Long Term Liabilities: MD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MD is debt free.
Reducing Debt: MD has not had any debt for 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: MD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MD has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 8.6% each year.