Mountain Province Diamonds Balance Sheet Health
Financial Health criteria checks 4/6
Mountain Province Diamonds has a total shareholder equity of CA$361.0M and total debt of CA$306.1M, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are CA$856.9M and CA$495.9M respectively. Mountain Province Diamonds's EBIT is CA$78.9M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$29.7M.
Key information
84.8%
Debt to equity ratio
CA$306.13m
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$29.67m |
| Equity | CA$361.00m |
| Total liabilities | CA$495.85m |
| Total assets | CA$856.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPG's short term assets (CA$233.4M) exceed its short term liabilities (CA$62.8M).
Long Term Liabilities: MPG's short term assets (CA$233.4M) do not cover its long term liabilities (CA$433.1M).
Debt to Equity History and Analysis
Debt Level: MPG's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: MPG's debt to equity ratio has reduced from 87.9% to 84.8% 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: Whilst unprofitable MPG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MPG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.3% per year.