Mila Resources Balance Sheet Health
Financial Health criteria checks 3/6
Mila Resources has a total shareholder equity of £7.3M and total debt of £51.5K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are £7.5M and £231.0K respectively.
Key information
0.7%
Debt to equity ratio
UK£51.48k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.68m |
| Equity | UK£7.27m |
| Total liabilities | UK£231.00k |
| Total assets | UK£7.50m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MILA's short term assets (£1.8M) exceed its short term liabilities (£231.0K).
Long Term Liabilities: MILA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MILA has more cash than its total debt.
Reducing Debt: MILA's debt to equity ratio has increased from 0% to 0.7% 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: Insufficient data to determine if MILA has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MILA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.