Mako Mining Balance Sheet Health
Financial Health criteria checks 5/6
Mako Mining has a total shareholder equity of $35.2M and total debt of $8.1M, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are $57.9M and $22.7M respectively. Mako Mining's EBIT is $30.2M making its interest coverage ratio 43. It has cash and short-term investments of $6.7M.
Key information
22.9%
Debt to equity ratio
US$8.06m
Debt
| Interest coverage ratio | 43x |
| Cash | US$6.72m |
| Equity | US$35.19m |
| Total liabilities | US$22.75m |
| Total assets | US$57.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GQR0's short term assets ($27.5M) exceed its short term liabilities ($14.6M).
Long Term Liabilities: GQR0's short term assets ($27.5M) exceed its long term liabilities ($8.1M).
Debt to Equity History and Analysis
Debt Level: GQR0's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: GQR0's debt to equity ratio has increased from 0% to 22.9% over the past 5 years.
Debt Coverage: GQR0's debt is well covered by operating cash flow (269.3%).
Interest Coverage: GQR0's interest payments on its debt are well covered by EBIT (43x coverage).