Multi-Metal Development Balance Sheet Health
Financial Health criteria checks 2/6
Multi-Metal Development has a total shareholder equity of CA$40.0M and total debt of CA$11.5M, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are CA$53.2M and CA$13.2M respectively.
Key information
28.6%
Debt to equity ratio
CA$11.47m
Debt
Interest coverage ratio | n/a |
Cash | CA$332.30k |
Equity | CA$40.04m |
Total liabilities | CA$13.18m |
Total assets | CA$53.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LT80's short term assets (CA$352.8K) do not cover its short term liabilities (CA$5.4M).
Long Term Liabilities: LT80's short term assets (CA$352.8K) do not cover its long term liabilities (CA$7.8M).
Debt to Equity History and Analysis
Debt Level: LT80's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: LT80's debt to equity ratio has reduced from 61% to 28.6% over the past 5 years.
Debt Coverage: LT80's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if LT80's interest payments on its debt are well covered by EBIT.