Magna Mining Balance Sheet Health

Financial Health criteria checks 6/6

Magna Mining has a total shareholder equity of CA$18.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$25.2M and CA$6.7M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$3.98m
EquityCA$18.53m
Total liabilitiesCA$6.67m
Total assetsCA$25.20m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 8YD's short term assets (CA$6.7M) exceed its short term liabilities (CA$5.8M).

Long Term Liabilities: 8YD's short term assets (CA$6.7M) exceed its long term liabilities (CA$868.5K).


Debt to Equity History and Analysis

Debt Level: 8YD is debt free.

Reducing Debt: 8YD currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: 8YD has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 8YD is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


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