Magna Mining Balance Sheet Health
Financial Health criteria checks 4/6
Magna Mining has a total shareholder equity of CA$4.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.8M and CA$5.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$7.59m |
Equity | CA$4.46m |
Total liabilities | CA$5.37m |
Total assets | CA$9.83m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NICU's short term assets (CA$9.0M) exceed its short term liabilities (CA$4.5M).
Long Term Liabilities: NICU's short term assets (CA$9.0M) exceed its long term liabilities (CA$865.8K).
Debt to Equity History and Analysis
Debt Level: NICU is debt free.
Reducing Debt: NICU currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: NICU has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NICU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.5% each year