Micromem Technologies Balance Sheet Health
Financial Health criteria checks 0/6
Micromem Technologies has a total shareholder equity of $-4.5M and total debt of $4.1M, which brings its debt-to-equity ratio to -89.7%. Its total assets and total liabilities are $186.8K and $4.7M respectively.
Key information
-89.7%
Debt to equity ratio
US$4.07m
Debt
| Interest coverage ratio | n/a |
| Cash | US$81.55k |
| Equity | -US$4.54m |
| Total liabilities | US$4.73m |
| Total assets | US$186.85k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MRM has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MRM has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MRM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MRM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MRM's interest payments on its debt are well covered by EBIT.