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MegumaGold Balance Sheet Health
Financial Health criteria checks 2/6
MegumaGold has a total shareholder equity of CA$7.9M and total debt of CA$270.2K, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CA$9.3M and CA$1.5M respectively.
Key information
3.4%
Debt to equity ratio
CA$270.17k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$12.56k |
| Equity | CA$7.87m |
| Total liabilities | CA$1.46m |
| Total assets | CA$9.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2CM2's short term assets (CA$149.9K) do not cover its short term liabilities (CA$1.5M).
Long Term Liabilities: 2CM2 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2CM2's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 2CM2's debt to equity ratio has increased from 0% to 3.4% 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: 2CM2 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2CM2 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.5% each year