Magna Gold Balance Sheet Health
Financial Health criteria checks 1/6
Magna Gold has a total shareholder equity of $2.0M and total debt of $6.6M, which brings its debt-to-equity ratio to 332.1%. Its total assets and total liabilities are $77.5M and $75.5M respectively.
Key information
332.1%
Debt to equity ratio
US$6.58m
Debt
| Interest coverage ratio | n/a |
| Cash | US$94.00k |
| Equity | US$1.98m |
| Total liabilities | US$75.54m |
| Total assets | US$77.52m |
Recent financial health updates
Magna Gold (CVE:MGR) Takes On Some Risk With Its Use Of Debt
Aug 23
We Think Magna Gold (CVE:MGR) Has A Fair Chunk Of Debt
Mar 17Is Magna Gold (CVE:MGR) A Risky Investment?
Oct 16Recent updates
Magna Gold (CVE:MGR) Takes On Some Risk With Its Use Of Debt
Aug 23Shareholders In Magna Gold (CVE:MGR) Should Look Beyond Earnings For The Full Story
May 07We Think Magna Gold (CVE:MGR) Has A Fair Chunk Of Debt
Mar 17Is Magna Gold (CVE:MGR) A Risky Investment?
Oct 16Did Business Growth Power Magna Gold's (CVE:MGR) Share Price Gain of 200%?
Feb 23Magna Gold Corp. (CVE:MGR) Insiders Increased Their Holdings
Jan 01
Financial Position Analysis
Short Term Liabilities: MGR.H's short term assets ($19.9M) do not cover its short term liabilities ($64.3M).
Long Term Liabilities: MGR.H's short term assets ($19.9M) exceed its long term liabilities ($11.3M).
Debt to Equity History and Analysis
Debt Level: MGR.H's net debt to equity ratio (327.3%) is considered high.
Reducing Debt: Insufficient data to determine if MGR.H's debt to equity ratio has reduced over the 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: MGR.H has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MGR.H has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.9% each year