McChip Resources Balance Sheet Health
Financial Health criteria checks 3/6
McChip Resources has a total shareholder equity of CA$6.9M and total debt of CA$2.2M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CA$9.3M and CA$2.4M respectively.
Key information
31.3%
Debt to equity ratio
CA$2.17m
Debt
Interest coverage ratio | n/a |
Cash | CA$8.01m |
Equity | CA$6.93m |
Total liabilities | CA$2.41m |
Total assets | CA$9.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCCH.F's short term assets (CA$8.6M) exceed its short term liabilities (CA$2.4M).
Long Term Liabilities: MCCH.F's short term assets (CA$8.6M) exceed its long term liabilities (CA$26.7K).
Debt to Equity History and Analysis
Debt Level: MCCH.F has more cash than its total debt.
Reducing Debt: MCCH.F's debt to equity ratio has increased from 2.5% to 31.3% 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 MCCH.F has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MCCH.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.