DMG Blockchain Solutions Balance Sheet Health
Financial Health criteria checks 5/6
DMG Blockchain Solutions has a total shareholder equity of CA$92.6M and total debt of CA$13.8M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are CA$111.4M and CA$18.8M respectively.
Key information
14.9%
Debt to equity ratio
CA$13.84m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.29m |
| Equity | CA$92.58m |
| Total liabilities | CA$18.78m |
| Total assets | CA$111.36m |
Recent financial health updates
We Think DMG Blockchain Solutions (CVE:DMGI) Has A Fair Chunk Of Debt
Jul 17
Will 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 28Recent updates
We Think DMG Blockchain Solutions (CVE:DMGI) Has A Fair Chunk Of Debt
Jul 17Market 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$43.6M) exceed its short term liabilities (CA$18.7M).
Long Term Liabilities: DMGI's short term assets (CA$43.6M) exceed its long term liabilities (CA$62.0K).
Debt to Equity History and Analysis
Debt Level: DMGI's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: DMGI's debt to equity ratio has reduced from 19.3% to 14.9% over the past 5 years.
Debt Coverage: DMGI's debt is well covered by operating cash flow (59.9%).
Interest Coverage: Insufficient data to determine if DMGI's interest payments on its debt are well covered by EBIT.