Mayfair Gold Balance Sheet Health
Financial Health criteria checks 4/6
Mayfair Gold has a total shareholder equity of CA$25.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$28.5M and CA$2.5M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$13.50m |
| Equity | CA$25.95m |
| Total liabilities | CA$2.55m |
| Total assets | CA$28.49m |
Recent financial health updates
Here's Why We're Watching Mayfair Gold's (CVE:MFG) Cash Burn Situation
Apr 18
Companies Like Mayfair Gold (CVE:MFG) Could Be Quite Risky
Sep 24We Think Mayfair Gold (CVE:MFG) Needs To Drive Business Growth Carefully
Apr 25Is Mayfair Gold (CVE:MFG) In A Good Position To Deliver On Growth Plans?
Sep 23Will Mayfair Gold (CVE:MFG) Spend Its Cash Wisely?
Jun 24Recent updates
Here's Why We're Watching Mayfair Gold's (CVE:MFG) Cash Burn Situation
Apr 18Companies Like Mayfair Gold (CVE:MFG) Could Be Quite Risky
Sep 24We Think Mayfair Gold (CVE:MFG) Needs To Drive Business Growth Carefully
Apr 25Is Mayfair Gold (CVE:MFG) In A Good Position To Deliver On Growth Plans?
Sep 23Will Mayfair Gold (CVE:MFG) Spend Its Cash Wisely?
Jun 24Financial Position Analysis
Short Term Liabilities: MFG's short term assets (CA$14.0M) exceed its short term liabilities (CA$2.5M).
Long Term Liabilities: MFG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MFG is debt free.
Reducing Debt: MFG 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: MFG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MFG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.7% each year