Euro Manganese Balance Sheet Health
Financial Health criteria checks 4/6
Euro Manganese has a total shareholder equity of CA$18.9M and total debt of CA$26.9M, which brings its debt-to-equity ratio to 142.7%. Its total assets and total liabilities are CA$51.9M and CA$33.1M respectively.
Key information
142.7%
Debt to equity ratio
CA$26.93m
Debt
Interest coverage ratio | n/a |
Cash | CA$20.10m |
Equity | CA$18.87m |
Total liabilities | CA$33.05m |
Total assets | CA$51.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EUMN.F's short term assets (CA$21.5M) exceed its short term liabilities (CA$5.9M).
Long Term Liabilities: EUMN.F's short term assets (CA$21.5M) do not cover its long term liabilities (CA$27.1M).
Debt to Equity History and Analysis
Debt Level: EUMN.F's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: EUMN.F's debt to equity ratio has increased from 0% to 142.7% 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: EUMN.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EUMN.F has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 17.2% each year.