Mirasol Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mirasol Resources has a total shareholder equity of CA$5.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.7M and CA$628.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.86m |
| Equity | CA$5.12m |
| Total liabilities | CA$628.44k |
| Total assets | CA$5.75m |
Recent financial health updates
We're A Little Worried About Mirasol Resources' (CVE:MRZ) Cash Burn Rate
Dec 06
Will Mirasol Resources (CVE:MRZ) Spend Its Cash Wisely?
Mar 07Here's Why We're Watching Mirasol Resources' (CVE:MRZ) Cash Burn Situation
Jul 13Companies Like Mirasol Resources (CVE:MRZ) Are In A Position To Invest In Growth
Dec 22We're Not Very Worried About Mirasol Resources' (CVE:MRZ) Cash Burn Rate
Aug 04We Think Mirasol Resources (CVE:MRZ) Can Afford To Drive Business Growth
Apr 12Recent updates
We're A Little Worried About Mirasol Resources' (CVE:MRZ) Cash Burn Rate
Dec 06Will Mirasol Resources (CVE:MRZ) Spend Its Cash Wisely?
Mar 07Here's Why We're Watching Mirasol Resources' (CVE:MRZ) Cash Burn Situation
Jul 13Companies Like Mirasol Resources (CVE:MRZ) Are In A Position To Invest In Growth
Dec 22We're Not Very Worried About Mirasol Resources' (CVE:MRZ) Cash Burn Rate
Aug 04We Think Mirasol Resources (CVE:MRZ) Can Afford To Drive Business Growth
Apr 12Here's Why We're Not Too Worried About Mirasol Resources' (CVE:MRZ) Cash Burn Situation
Dec 28Financial Position Analysis
Short Term Liabilities: MRZ's short term assets (CA$4.1M) exceed its short term liabilities (CA$610.2K).
Long Term Liabilities: MRZ's short term assets (CA$4.1M) exceed its long term liabilities (CA$18.2K).
Debt to Equity History and Analysis
Debt Level: MRZ is debt free.
Reducing Debt: MRZ 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: MRZ has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MRZ is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.