Midnight Sun Mining Balance Sheet Health
Financial Health criteria checks 6/6
Midnight Sun Mining has a total shareholder equity of CA$22.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.6M and CA$511.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.76m |
| Equity | CA$21.63m |
| Total liabilities | CA$441.40k |
| Total assets | CA$22.07m |
Financial Position Analysis
Short Term Liabilities: MMA's short term assets (CA$8.8M) exceed its short term liabilities (CA$230.1K).
Long Term Liabilities: MMA's short term assets (CA$8.8M) exceed its long term liabilities (CA$281.1K).
Debt to Equity History and Analysis
Debt Level: MMA is debt free.
Reducing Debt: MMA had no debt 5 years ago.
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 more than 3 years based on its current free cash flow.
Forecast Cash Runway: MMA has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 12.5% each year