Mako Mining Balance Sheet Health
Financial Health criteria checks 4/6
Mako Mining has a total shareholder equity of $20.6M and total debt of $10.7M, which brings its debt-to-equity ratio to 51.7%. Its total assets and total liabilities are $41.8M and $21.2M respectively. Mako Mining's EBIT is $11.1M making its interest coverage ratio 12.1. It has cash and short-term investments of $1.5M.
Key information
51.7%
Debt to equity ratio
US$10.67m
Debt
Interest coverage ratio | 12.1x |
Cash | US$1.50m |
Equity | US$20.63m |
Total liabilities | US$21.18m |
Total assets | US$41.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAKO.F's short term assets ($16.7M) exceed its short term liabilities ($9.7M).
Long Term Liabilities: MAKO.F's short term assets ($16.7M) exceed its long term liabilities ($11.5M).
Debt to Equity History and Analysis
Debt Level: MAKO.F's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: MAKO.F's debt to equity ratio has increased from 3.6% to 51.7% over the past 5 years.
Debt Coverage: MAKO.F's debt is well covered by operating cash flow (116.9%).
Interest Coverage: MAKO.F's interest payments on its debt are well covered by EBIT (12.1x coverage).