MGO Global Balance Sheet Health
Financial Health criteria checks 4/6
MGO Global has a total shareholder equity of $2.0M and total debt of $70.3K, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are $2.8M and $799.2K respectively.
Key information
3.4%
Debt to equity ratio
US$70.29k
Debt
Interest coverage ratio | n/a |
Cash | US$1.52m |
Equity | US$2.04m |
Total liabilities | US$799.15k |
Total assets | US$2.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGOL's short term assets ($2.5M) exceed its short term liabilities ($799.2K).
Long Term Liabilities: MGOL's short term assets ($2.5M) do not cover its long term liabilities ($-1.0).
Debt to Equity History and Analysis
Debt Level: MGOL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MGOL's debt to equity ratio has reduced 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: MGOL has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MGOL is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.