Midnight Sun Mining Balance Sheet Health
Financial Health criteria checks 3/6
Midnight Sun Mining has a total shareholder equity of CA$13.2M and total debt of CA$163.0K, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CA$14.0M and CA$731.1K respectively.
Key information
1.2%
Debt to equity ratio
CA$163.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$23.88k |
Equity | CA$13.23m |
Total liabilities | CA$731.14k |
Total assets | CA$13.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMA's short term assets (CA$104.7K) do not cover its short term liabilities (CA$417.1K).
Long Term Liabilities: MMA's short term assets (CA$104.7K) do not cover its long term liabilities (CA$314.1K).
Debt to Equity History and Analysis
Debt Level: MMA's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: MMA's debt to equity ratio has increased from 0% to 1.2% 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: MMA has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MMA is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.