Magna Mining Balance Sheet Health
Financial Health criteria checks 4/6
Magna Mining has a total shareholder equity of CA$19.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$24.5M and CA$5.5M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.46m |
| Equity | CA$19.04m |
| Total liabilities | CA$5.46m |
| Total assets | CA$24.51m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8YD's short term assets (CA$6.0M) exceed its short term liabilities (CA$4.6M).
Long Term Liabilities: 8YD's short term assets (CA$6.0M) exceed its long term liabilities (CA$870.9K).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8YD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 46.2% each year