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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 ration/a
CashCA$12.56k
EquityCA$7.87m
Total liabilitiesCA$1.46m
Total assetsCA$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


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