Midland Exploration Balance Sheet Health
Financial Health criteria checks 5/6
Midland Exploration has a total shareholder equity of CA$40.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$42.8M and CA$1.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$6.32m |
Equity | CA$40.93m |
Total liabilities | CA$1.83m |
Total assets | CA$42.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MD's short term assets (CA$7.0M) exceed its short term liabilities (CA$1.8M).
Long Term Liabilities: MD's short term assets (CA$7.0M) exceed its long term liabilities (CA$7.5K).
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 less than a year of cash runway if free cash flow continues to grow at historical rates of 4.2% each year.