Midland Exploration Balance Sheet Health
Financial Health criteria checks 5/6
Midland Exploration has a total shareholder equity of CA$40.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$42.1M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$5.35m |
Equity | CA$40.65m |
Total liabilities | CA$1.42m |
Total assets | CA$42.07m |
Recent financial health updates
Recent updates
We're Hopeful That Midland Exploration (CVE:MD) Will Use Its Cash Wisely
Jun 26We 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$5.7M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: MD's short term assets (CA$5.7M) exceed its long term liabilities (CA$1.4K).
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 5.9% each year.