Chibougamau Independent Mines Balance Sheet Health
Financial Health criteria checks 5/6
Chibougamau Independent Mines has a total shareholder equity of CA$502.5K and total debt of CA$7.6K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$528.6K and CA$26.1K respectively. Chibougamau Independent Mines's EBIT is CA$79.1K making its interest coverage ratio -3767.6. It has cash and short-term investments of CA$506.9K.
Key information
1.5%
Debt to equity ratio
CA$7.62k
Debt
| Interest coverage ratio | -3767.6x |
| Cash | CA$506.91k |
| Equity | CA$502.48k |
| Total liabilities | CA$26.15k |
| Total assets | CA$528.63k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMAU.F's short term assets (CA$528.6K) exceed its short term liabilities (CA$26.1K).
Long Term Liabilities: CMAU.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMAU.F has more cash than its total debt.
Reducing Debt: CMAU.F's debt to equity ratio has reduced from 7.3% to 1.5% over the past 5 years.
Debt Coverage: CMAU.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CMAU.F earns more interest than it pays, so coverage of interest payments is not a concern.