DMG Blockchain Solutions Balance Sheet Health
Financial Health criteria checks 6/6
DMG Blockchain Solutions has a total shareholder equity of CA$84.6M and total debt of CA$1.3M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$91.0M and CA$6.4M respectively.
Key information
1.5%
Debt to equity ratio
CA$1.28m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.83m |
| Equity | CA$84.60m |
| Total liabilities | CA$6.38m |
| Total assets | CA$90.98m |
Recent financial health updates
Will DMG Blockchain Solutions (CVE:DMGI) Spend Its Cash Wisely?
Feb 23
We're Keeping An Eye On DMG Blockchain Solutions' (CVE:DMGI) Cash Burn Rate
Nov 09Is DMG Blockchain Solutions (CVE:DMGI) In A Good Position To Invest In Growth?
Jun 28Recent updates
Market Might Still Lack Some Conviction On DMG Blockchain Solutions Inc. (CVE:DMGI) Even After 26% Share Price Boost
Feb 27DMG Blockchain Solutions Inc. (CVE:DMGI) Stock Catapults 34% Though Its Price And Business Still Lag The Industry
Aug 09Will DMG Blockchain Solutions (CVE:DMGI) Spend Its Cash Wisely?
Feb 23We're Keeping An Eye On DMG Blockchain Solutions' (CVE:DMGI) Cash Burn Rate
Nov 09Is DMG Blockchain Solutions (CVE:DMGI) In A Good Position To Invest In Growth?
Jun 28Did You Miss DMG Blockchain Solutions' (CVE:DMGI) Whopping 763% Share Price Gain?
Dec 19
Financial Position Analysis
Short Term Liabilities: DMGI's short term assets (CA$35.2M) exceed its short term liabilities (CA$6.3M).
Long Term Liabilities: DMGI's short term assets (CA$35.2M) exceed its long term liabilities (CA$81.6K).
Debt to Equity History and Analysis
Debt Level: DMGI has more cash than its total debt.
Reducing Debt: DMGI's debt to equity ratio has reduced from 17% to 1.5% 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: Whilst unprofitable DMGI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DMGI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.6% per year.