Minaurum Gold Balance Sheet Health

Financial Health criteria checks 4/6

Minaurum Gold has a total shareholder equity of CA$10.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.4M and CA$391.6K respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$2.55m
EquityCA$9.96m
Total liabilitiesCA$391.63k
Total assetsCA$10.35m

Recent financial health updates

Recent updates

Here's Why We're Not Too Worried About Minaurum Gold's (CVE:MGG) Cash Burn Situation

Oct 09
Here's Why We're Not Too Worried About Minaurum Gold's (CVE:MGG) Cash Burn Situation

Is Minaurum Gold (CVE:MGG) In A Good Position To Invest In Growth?

Nov 29
Is Minaurum Gold (CVE:MGG) In A Good Position To Invest In Growth?

We Think Minaurum Gold (CVE:MGG) Needs To Drive Business Growth Carefully

May 15
We Think Minaurum Gold (CVE:MGG) Needs To Drive Business Growth Carefully

Minaurum Gold (CVE:MGG) Is In A Good Position To Deliver On Growth Plans

Jan 30
Minaurum Gold (CVE:MGG) Is In A Good Position To Deliver On Growth Plans

Financial Position Analysis

Short Term Liabilities: MGG's short term assets (CA$2.7M) exceed its short term liabilities (CA$233.6K).

Long Term Liabilities: MGG's short term assets (CA$2.7M) exceed its long term liabilities (CA$158.0K).


Debt to Equity History and Analysis

Debt Level: MGG is debt free.

Reducing Debt: MGG 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: MGG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MGG has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.4% each year.


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