Mayfair Gold Balance Sheet Health
Financial Health criteria checks 6/6
Mayfair Gold has a total shareholder equity of CA$20.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.2M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.17m |
| Equity | CA$20.75m |
| Total liabilities | CA$1.43m |
| Total assets | CA$22.18m |
Financial Position Analysis
Short Term Liabilities: MFG's short term assets (CA$7.8M) exceed its short term liabilities (CA$1.4M).
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 sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MFG is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.