Euro Manganese Balance Sheet Health
Financial Health criteria checks 5/6
Euro Manganese has a total shareholder equity of CA$24.7M and total debt of CA$25.7M, which brings its debt-to-equity ratio to 104.1%. Its total assets and total liabilities are CA$55.2M and CA$30.5M respectively.
Key information
104.1%
Debt to equity ratio
CA$25.74m
Debt
Interest coverage ratio | n/a |
Cash | CA$24.29m |
Equity | CA$24.73m |
Total liabilities | CA$30.50m |
Total assets | CA$55.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E06's short term assets (CA$26.8M) exceed its short term liabilities (CA$4.8M).
Long Term Liabilities: E06's short term assets (CA$26.8M) exceed its long term liabilities (CA$25.7M).
Debt to Equity History and Analysis
Debt Level: E06's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: E06's debt to equity ratio has increased from 0% to 104.1% 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: E06 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: E06 has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 19.2% each year.