Montego Resources Balance Sheet Health
Financial Health criteria checks 2/6
Montego Resources has a total shareholder equity of CA$45.9K and total debt of CA$418.5K, which brings its debt-to-equity ratio to 911.8%. Its total assets and total liabilities are CA$1.4M and CA$1.3M respectively.
Key information
911.8%
Debt to equity ratio
CA$418.51k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.53k |
| Equity | CA$45.90k |
| Total liabilities | CA$1.32m |
| Total assets | CA$1.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4MO's short term assets (CA$13.0K) do not cover its short term liabilities (CA$1.3M).
Long Term Liabilities: 4MO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 4MO's net debt to equity ratio (899.8%) is considered high.
Reducing Debt: 4MO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: 4MO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 4MO has less than a year of cash runway if free cash flow continues to grow at historical rates of 47.9% each year.