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 ratio43x
CashUS$6.72m
EquityUS$35.19m
Total liabilitiesUS$22.75m
Total assetsUS$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).


Balance Sheet


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