Mkango Resources Balance Sheet Health
Financial Health criteria checks 4/6
Mkango Resources has a total shareholder equity of $4.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $9.3M and $4.7M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$996.78k |
| Equity | US$4.56m |
| Total liabilities | US$4.73m |
| Total assets | US$9.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKA's short term assets ($1.4M) do not cover its short term liabilities ($2.0M).
Long Term Liabilities: MKA's short term assets ($1.4M) do not cover its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: MKA is debt free.
Reducing Debt: MKA had no debt 5 years ago.
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: MKA has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MKA is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.