Newfoundland Discovery Balance Sheet Health
Financial Health criteria checks 3/6
Newfoundland Discovery has a total shareholder equity of CA$455.3K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$811.8K and CA$356.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$201.83k |
| Equity | CA$455.29k |
| Total liabilities | CA$356.49k |
| Total assets | CA$811.78k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M4K's short term assets (CA$222.7K) do not cover its short term liabilities (CA$356.5K).
Long Term Liabilities: M4K has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: M4K is debt free.
Reducing Debt: M4K has no debt compared to 5 years ago when its debt to equity ratio was 8.1%.
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: M4K has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: M4K has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.9% each year