Mako Mining Balance Sheet Health
Financial Health criteria checks 4/6
Mako Mining has a total shareholder equity of $20.6M and total debt of $10.7M, which brings its debt-to-equity ratio to 51.7%. Its total assets and total liabilities are $41.8M and $21.2M respectively. Mako Mining's EBIT is $11.1M making its interest coverage ratio 12.1. It has cash and short-term investments of $1.5M.
Key information
51.7%
Debt to equity ratio
US$10.67m
Debt
Interest coverage ratio | 12.1x |
Cash | US$1.50m |
Equity | US$20.63m |
Total liabilities | US$21.18m |
Total assets | US$41.81m |
Recent financial health updates
Mako Mining (CVE:MKO) Seems To Use Debt Quite Sensibly
Jan 11Mako Mining (CVE:MKO) Is Carrying A Fair Bit Of Debt
Aug 23Does Mako Mining (CVE:MKO) Have A Healthy Balance Sheet?
Apr 26Is Mako Mining (CVE:MKO) A Risky Investment?
Jan 09Mako Mining (CVE:MKO) Has A Pretty Healthy Balance Sheet
Sep 22Mako Mining (CVE:MKO) Seems To Use Debt Quite Sensibly
Jun 03Recent updates
Mako Mining Corp. (CVE:MKO) Stock Rockets 28% But Many Are Still Ignoring The Company
Mar 22Positive Sentiment Still Eludes Mako Mining Corp. (CVE:MKO) Following 28% Share Price Slump
Jan 30Mako Mining (CVE:MKO) Seems To Use Debt Quite Sensibly
Jan 11Market Might Still Lack Some Conviction On Mako Mining Corp. (CVE:MKO) Even After 27% Share Price Boost
Dec 15Mako Mining (CVE:MKO) Is Carrying A Fair Bit Of Debt
Aug 23Does Mako Mining (CVE:MKO) Have A Healthy Balance Sheet?
Apr 26Is Mako Mining (CVE:MKO) A Risky Investment?
Jan 09Mako Mining (CVE:MKO) Has A Pretty Healthy Balance Sheet
Sep 22Mako Mining (CVE:MKO) Seems To Use Debt Quite Sensibly
Jun 03Mako Mining (CVE:MKO) Is Making Moderate Use Of Debt
Feb 04We Believe Mako Mining's (CVE:MKO) Earnings Are A Poor Guide For Its Profitability
Dec 06Auditors Have Doubts About Mako Mining (CVE:MKO)
May 04Akiba Jacob Leisman Is The CEO & Director of Mako Mining Corp. (CVE:MKO) And They Just Picked Up 2.2% More Shares
Feb 26Have Insiders Been Buying Mako Mining Corp. (CVE:MKO) Shares?
Dec 04Financial Position Analysis
Short Term Liabilities: MKO's short term assets ($16.7M) exceed its short term liabilities ($9.7M).
Long Term Liabilities: MKO's short term assets ($16.7M) exceed its long term liabilities ($11.5M).
Debt to Equity History and Analysis
Debt Level: MKO's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: MKO's debt to equity ratio has increased from 3.6% to 51.7% over the past 5 years.
Debt Coverage: MKO's debt is well covered by operating cash flow (116.9%).
Interest Coverage: MKO's interest payments on its debt are well covered by EBIT (12.1x coverage).