Mineral Road Discovery Balance Sheet Health
Financial Health criteria checks 5/6
Mineral Road Discovery has a total shareholder equity of CA$4.4M and total debt of CA$170.7K, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CA$5.6M and CA$1.2M respectively.
Key information
3.9%
Debt to equity ratio
CA$170.67k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.52m |
| Equity | CA$4.42m |
| Total liabilities | CA$1.17m |
| Total assets | CA$5.60m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7C90's short term assets (CA$1.7M) exceed its short term liabilities (CA$1.1M).
Long Term Liabilities: 7C90's short term assets (CA$1.7M) exceed its long term liabilities (CA$47.1K).
Debt to Equity History and Analysis
Debt Level: 7C90 has more cash than its total debt.
Reducing Debt: 7C90's debt to equity ratio has increased from 0% to 3.9% 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: 7C90 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 7C90 is forecast to have sufficient cash runway for 12 months based on free cash flow estimates, but has since raised additional capital.